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CAT 2022 Slot 3 Paper

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Question : 53

Total: 66

Nitu has an initial capital of ₹20,000. Out of this, she invests ₹8,000 at 5.5% in bank A, ₹5,000 at 5.6% in bank Band the remaining amount at x% in bank C, each rate being simple interest per annum. Her combined annual interest income from these investments is equal to 5% of the initial capita l. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been

700
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1000

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