CAT Compound Interest and Simple Interest topics are essential not only for the quantitative section but also for CAT DILR section as question sets on interest-based information can be asked. Questions on CI/ SI are easy and at times can be solved by just reading the questions if you know all the important terms and short tricks.
Candidates are generally tested on their speed, time, and accuracy in CAT Quantitative Aptitude section. Based on the analysis of the past few years, it can be noticed that Compound and Simple Interest questions are not always asked in CAT exam. However, it is always better to prepare for CI/ SI topic as it is a part of CAT Syllabus and questions can be asked in CAT 2023.
The complexity of SI CI questions for CAT falls within the moderate to difficult range. Nevertheless, the examination authority does not provide a predetermined syllabus for this section. Therefore, candidates prepare for CAT SI CI questions by practicing with previous year's questions to grasp the various types and levels of difficulty involved. Given below is a set of 25 questions for Quantitative Ability based on Simple Interest and Compound Interest. Questions have been set based on the pattern of the exam and its difficulty level to help CAT aspirants who will appear for the exam in 2023.
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CAT Compound Interest & Simple Interest (CI/ SI) Quiz
| Answer Key | |
|---|---|
| 1 | A |
| 2 | B |
| 3 | B |
| 4 | A |
| 5 | C |
| 6 | D |
| 7 | B |
| 8 | A |
| 9 | C |
| 10 | A |
| 11 | A |
| 12 | B |
| 13 | C |
| 14 | D |
| 15 | D |
| 16 | B |
| 17 | A |
| 18 | B |
| 19 | A |
| 20 | A |
| 21 | A |
| 22 | A |
| 23 | B |
| 24 | B |
| 25 | B |
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