Hi The question for the day is from the topic simple and compound interest. Shawn invested one half of his savings in a bond that paid simple interest for 2Message 1 of 1 , Mar 29, 2004View SourceHi
The question for the day is from the topic simple and compound interest.
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in these two bonds?
Click here to know the correct answer and the solution to the above problem.
If you have problems in visiting the above web page by clicking on the URL, please follow the instruction given below.
Click on the following URL
On this web page, click on the link that corresponds to the month of March 2004. You will find all the questions 4 the day for the month of March in this page.
K S Baskar
Ascent Education - Classes for CAT - GRE - GMAT
An IIM alumni venture
14B/1, Dr. Thirumurthy Nagar 1st Street
Nungambakkam, Chennai 600 034.
Phone +91 44 5213 7211
You can access archives of Mock CAT questions at
To receive a "Question - A - Day" by mail register at
List of the best Indian Management Institutes
Worried that you will miss an admission ad of one of the best B Schools.
Join our free deadline reminder service