How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 26

HARD

CAT

IMPORTANT

Earn 100

An amount of $₹ 12820$ due $3$ years, hence, is fully repaid in three annual instalments starting after one year. The first instalment is $\frac{1}{2}$ the second instalment and the second instalment is $\frac{2}{3}$ of the third instalment. If the rate of interest is $10 %$ per annum, find the first instalment.

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Important Questions on Interest

HARD

CAT

IMPORTANT

How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 29

A sum is divided between A and B in the ratio of

1 : 2

. A purchased a car from his part, which depreciates

14 \frac{2}{7} %

per annum and B deposited his amount in a bank, which pays him

20 %

interest per annum compounded annually. Approximately by what percentage will the total sum of money increase after two years due to this investment pattern?

HARD

CAT

IMPORTANT

How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 30

Michael Bolton had

$ 90000

, of which he purchased a car, a laptop and a flat for

$ 15000, $ 13000

and

$ 35000

respectively and deposited the remaining money in a bank deposit that pays compound interest at

15 %

per annum. After two years, he sold the three items at

80 %

of their original price and withdrew his entire money from the bank closing the account. What is the total change in his assets?