CAT 2024 - Slot 2 Quant Question 13
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CAT 2024 Slot 2 - Quant
Let's take the amount invested by Sunil to be X.
The amount received by Anil at the end of 6 years would be 
The amount received by Sunil at the end of 5 years would be X (1.02)10
In the 6th year, Sunil invests this at a simple interest of 10%, giving him an interest of X (1.02)10 × 0.1
Giving the total amount with him at the end of 6 years to be X (1.02)10 × (1 + 0.1)
Equating the final amount with Sunil and Anil, we get:
X (1.02)10 × (1.1) = 22000 (1.02)12