CATArithmetic > MediumEntered answer:✅ Correct Answer: 16000Related questions:CAT 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?2025 Slot 2A loan of Rs 1000 is fully repaid by two installments of Rs 530 and Rs 594, paid at the end of first and second year, respectively. If the interest is compounded annually, then the rate of interest, in percentage, isCAT 2022 Slot 2Mr. Pinto invests one-fifth of his capital at 66%6, one-third at 1010%10 and the remaining at 11%1, each rate being simple interest per annum. Then, the minimum number of years required for the cumulative interest income from these investments to equal or exceed his initial capital is