Loan repaid in instalments under compound interest

CAT has tested this idea 3 times across 3 papers, from 2018 to 2025. Solve one, and the others are the same method with different numbers or wording, which is why repeated concepts are the most efficient thing to practise.

QuestionWhat it asksAnswer
CAT 2025 Slot 2 · QA Q181000 repaid by 530 and 594; find rateA
CAT 2018 Slot 1 · QA Q15two equal annual instalments at 10%; find instalment121000
CAT 2023 Slot 2 · QA Q12half-yearly compounding; part repaid after year 1B

Part of Interest (19 questions since 2017).