# CAT 2022 Question Paper | Quant Slot 3

###### CAT Previous Year Paper | CAT Quant Questions | Question 9

CAT 2022 Quant was dominated by Arithmetic followed by Algebra. In Arithmetic, the questions were dominated by topics like Speed-time-distance, Mixture and Alligations. This year, there was a surprise. The questions from Geometry were relatively on the lower side as compared to the previous years. There were 8 TITA Qs this year. Overall this section was at a medium level of difficulty.

Question 9 : Nitu has an initial capital of $₹ 20,000$. Out of this, she invests $₹ 8,000$ at $5.5 $%$ in bank $A, ₹ 5,000$ at $5.6 $%$ in bank $B$ and the remaining amount at $x \%$ in bank $\mathrm{C}$, each rate being simple interest per annum. Her combined annual interest income from these investments is equal to $5 \%$ of the initial capital. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been 1. 900 2. 700 3. 1000 4. 800 ## Best CAT Online Coaching Try upto 40 hours for free Learn from the best! #### 2IIM : Best Online CAT Coaching. ### Video Explanation ## Best CAT Coaching in Chennai #### CAT Coaching in Chennai - CAT 2022Limited Seats Available - Register Now! ### Explanatory Answer If Neetu intended to get a 5% annual interest, ideally all the banks should have maintained a 5% interest rate. But Bank A returns 0.5% extra interest on 8000 rupees, which is 40 rupees. But Bank B returns 0.6% extra interest on 5000 rupees, which is 30 rupees. A & B combines are paying 70 rupees extra than 5%. So Bank C should maintain such an interest rate that, the interest generated on the remaining 7000 rupees is 70 less than 5% interest. Since 70 is 1% of 7000. The interest rate at Bank C should be 5% - 1% = 4% If all the 20,000 rupees were invested in Bank C, the interest generated is 4% of 20,000 = 800 rupees. ##### The answer is '800' Choice D is the correct answer. ###### Best CAT Online Coaching Try upto 40 hours for free Learn from the best! ###### Prepare for CAT 2024 with 2IIM's Daily Preparation Schedule ###### Know all about CAT Exam Syllabus and what to expect in CAT ###### Already have an Account? ###### CAT Coaching in ChennaiCAT 2024 Classroom Batches Starting Now! @Gopalapuram and @Anna nagar ###### Best CAT Coaching in Chennai Attend a Demo Class ###### Best Indore IPM & Rohtak IPM CoachingSignup and sample 9 full classes for free. Register now! ## CAT Questions | CAT Quantitative Aptitude ## CAT Questions | Verbal Ability for CAT ##### Where is 2IIM located? 2IIM Online CAT Coaching A Fermat Education Initiative, 58/16, Indira Gandhi Street, Kaveri Rangan Nagar, Saligramam, Chennai 600 093 ##### How to reach 2IIM? Mobile:$91$ 99626 48484 / 94459 38484
WhatsApp: WhatsApp Now
Email: info@2iim.com