Countdown to CAT 2020|DAY 102|LRDI
Caselets
Bhavesh won a lottery amount of Rs 5 lakhs in a lucky draw at a jewellery showroom. He deposited 20% of it in a bank at a compound rate of interest of 10% p.a. He invested 35% of the amount in shares and with the rest he bought a piece of land. His investment in shares appreciated by 20% in the first year and depreciated by 10% in the subsequent year while the price of the land appreciated by 10% each year. He encashed all his investments at the end of the second year.
1. What was the total value of his investments at the end of the first year?
(A) 5.675 lakhs (B) 5.75 lakhs (C) 5.875 lakhs (D) 5.95 lakhs
2. What is the ratio of the amount he got from the bank and shares together at the end of the second year to the price of the land at the end of the first year?
(A) 2 : 1 (B) 4 : 3 (C) 5 : 4 (D) 6 : 5
3. What is the increase in the total value of his investment from the beginning of the first year to the end of the second year?
(A) 85,150 (B) 1,10,250 (C) 1,15,150 (D) 82,250
4. What is the percentage increase in the value of the investment from the beginning of the first year to the end of the first year?
(A) 13.5% (B) 17.5% (C) 19.5% (D) 21.5%
5. What is the ratio of the increase in the value of his investment from the beginning of the first year to the end of the first year to the increase in the value of his investment from the end of the first year to the end of the second year?
(A) 210 : 89 (B) 270 : 59 (C) 410 : 109 (D) 510 : 119
Q1: A
Q2: C
Q3: D
Q4: A
Q5: B
1.A
2. C
3. D
4. A
5. B
1. a
2. c
3. d
4. a
5. b
1. A
2. C
3. D
4. A
5. B
1. A
2. C
3. D
4. A
5. B
1. A
2. C
3. D
4. A
5. B
1.A
2.C
3.D
4.A
5.B
1. A
2. C
3. D
4. A
5. B