CATArithmetic > Easy800800800700700700100010001000900900900✅ Correct Option: 1Related questions:CAT 2023 Slot 2Anil borrows Rs 2 lakhs at an interest rate of 8% per annum, compounded half-yearly. He repays Rs 10320 at the end of the first year and closes the loan by paying the outstanding amount at the end of the third year. Then, the total interest, in rupees, paid over the three years is nearest toCAT 2020 Slot 2For the same principal amount, the compound interest for two years at 5%5\%5% per annum exceeds the simple interest for three years at 3%3\%3% per annum by Rs. 112511251125. Then the principal amount in rupees isCAT 2020 Slot 1Veeru invested Rs 10000 at 5% simple annual interest, and exactly after two years, Joy invested Rs 8000 at 10% simple annual interest. How many years after Veeru's investment, will their balances, i.e., principal plus accumulated interest, be equal?