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HomeCAT PYQsCAT 2024 Slot 2 Question PaperAnil invests Rs 22000 for 6 years in a scheme with 4% i…
CAT 2024 · Slot 2Quantitative AbilityInterestMEDIUM+3 / −1

Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is

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