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A certain amount is kept in a bank at 8% compound interest. An equal amount is kept in another bank at 10% simple interest. When the amount in the first bank gets doubled, by what percentage does the amount with the second bank increase? log 102 = 0.3 & log101.08 = 0.033a)60%b)70%c)80%d)90%Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A certain amount is kept in a bank at 8% compound interest. An equal amount is kept in another bank at 10% simple interest. When the amount in the first bank gets doubled, by what percentage does the amount with the second bank increase? log 102 = 0.3 & log101.08 = 0.033a)60%b)70%c)80%d)90%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A certain amount is kept in a bank at 8% compound interest. An equal amount is kept in another bank at 10% simple interest. When the amount in the first bank gets doubled, by what percentage does the amount with the second bank increase? log 102 = 0.3 & log101.08 = 0.033a)60%b)70%c)80%d)90%Correct answer is option 'D'. Can you explain this answer?.

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