📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following pair of symbols will define the

      relation between Quantity I and Quantity II Quantity I: The simple interest on a sum of ₹10,000 for 3 years at 8% per annum. Quantity II: The compound interest on ₹8,000 for 2 years at 10% per annum, compounded annually.
      A Quantity I > Quantity II Correct Answer Incorrect Answer
      B Quantity I = Quantity II Correct Answer Incorrect Answer
      C Quantity I ≤ Quantity II Correct Answer Incorrect Answer
      D Quantity I ≥ Quantity II Correct Answer Incorrect Answer
      E Quantity I < Quantity II Correct Answer Incorrect Answer

      Solution

      For Quantity I: Simple interest = (10,000 × 8 × 3) / 100 = ₹2,400 For Quantity II: Compound interest = 8,000 × (1 + 10/100)² - 8,000 = 8,000 × (1.21 - 1) = ₹1,680 Answer: A (Quantity I > Quantity II)

      Practice Next
      More Quantity Inequality Questions
      ask-question