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Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually. If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
Question Posted on 29 Sep 2025
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CAT 2024 Question Paper QA Slot 3 Question 9
Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually. If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
Choose the correct option from below list
(1)9 Years
(2)11 Years
(3)15 Years
(4)17 Years
Answer:-(1)9 Years | |
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