Question

Quantity I: Tara invested a certain amount in a simple interest scheme at a rate of 18% per annum for 5 years, while Rina invested the same amount in a compound interest scheme at a rate of 15% per annum for 2 years. If the interest earned by Tara from the simple interest scheme is ₹3176.25 more than the interest earned by Rina, find the amount invested by Tara. Quantity II: Varun invests ₹x in a simple interest scheme at a rate of 16% per annum for 4 years, and he also invests ₹4500 in another simple interest scheme at a rate of 18% per annum for 3 years. If the interest from the first scheme is ₹770 more than the interest from the second scheme, find the value of
x.

A Quantity I > Quantity II
B Quantity I ≥ Quantity II
C Quantity II > Quantity I
D Quantity II ≥ Quantity I
E Quantity I = Quantity II or Relation cannot be established
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