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Kunj Bansal

7h ago

an amount of 10000 is deposited in Bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in the bank B for another 5 years at simple interest rate of 6% per annum. if the interests received from bank A to bank B are in the ratio of 10:13, then the investment period in years in bank A is
1

Shreedhar Goyal 6h ago

Interest from bank A = 10000*(5/100)*T = 500T
Total amount = 10000 + 500T

Then this is invested in bank B @ 6% pa => Interest = (10000+500T)*(6/100)*5
Interest from bank B = (100+5T)*30

Bank A Interest : bank B = 10:13 = 500T/[30*(100+5T)]
30*(100+5T) = 13*(50T)
3000 + 150T = 65OT
3000 = 500T

T = 6 years

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