CAT 2020 Slot 2 QA Q8 Interest

Question 8 of the Quantitative Ability (QA) section, CAT 2020 Slot 2, with CAT's official answer.

For the same principal amount, the compound interest for two years at 5% per annum exceeds the simple interest for three years at 3% per annum by Rs 1125. Then the principal amount in rupees is

TITA: type in the answer. There are no options and no negative marking.

Answer: 90000 Interest TITA

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Same concept in other years

See every question on Comparing simple and compound interest on the same principal.

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