CAT 2020 Quant Question [Slot 1] with Solution 02

Let after n years both the sums amount to the equal amounts.

Then, \(1000\left( {1 + \frac{{5 \times (n + 2)}}{{100}}} \right) = 800\left( {1 + \frac{{10 \times n}}{{100}}} \right)\)

i.e., \(1.5 = \frac{{15n}}{{100}} \Rightarrow n = 10\)

Hence 12 years after veeru invested their balances will be equal