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Get access to the detailed solutions to the previous years questions asked in IIM IPMAT exam
Let's take the amount invested by Sunil to be X.
The amount received by Anil at the end of 6 years would be 
The amount received by Sunil at the end of 5 years would be X (1.02)10
In the 6th year, Sunil invests this at a simple interest of 10%, giving him an interest of X (1.02)10 × 0.1
Giving the total amount with him at the end of 6 years to be X (1.02)10 × (1 + 0.1)
Equating the final amount with Sunil and Anil, we get:
X (1.02)10 × (1.1) = 22000 (1.02)12