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    Question

    In the question, two Quantities I and II are given. You

    have to solve both the Quantity to establish the correct relation between Quantity-I and Quantity-II and choose the correct option. Quantity-I: The total amount received by 'X' after investing Rs. 14,200 for 2 years in a SIP that offers compound interest at 20% per annum, compounded annually. Quantity-II: Rs. 20,448
    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 or No relation can be established Correct Answer Incorrect Answer

    Solution

    ATQ, Quantity I: Total amount received = 14200 × {1 + (20/100)2 } = 14200 × (120/100)2 = 14200 × (6/5)2  = (14200/25) × 36 = 568 × 36 = Rs. 20,448 So, Quantity I = Rs. 20,448 Quantity II = Rs. 20,448 Therefore, Quantity I = Quantity II or No relation can be established

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