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HomeCAT PYQsCAT 2021 Slot 3 Question PaperBank A offers 6% interest rate per annum compounded hal…
CAT 2021 · Slot 3Quantitative AbilityInterestMEDIUM+3 / −1

Bank A offers 6% interest rate per annum compounded half-yearly. Bank B and Bank C offer simple interest but the annual interest rate offered by Bank C is twice that of Bank B. Raju invests a certain amount in Bank B for a certain period and Rupa invests ₹ 10,000 in Bank C for twice that period. The interest that would accrue to Raju during that period is equal to the interest that would have accrued had he invested the same amount in Bank A for one year. The interest accrued, in INR, to Rupa is

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