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

Q: Answer-In the question, two Quantities I and II are given. You have to solve both the Quantity to establish...

ATQ, Quantity I Total amount received 14200 1 201002 14200 1201002 14200 652 1420025 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

A Quantity I > Quantity II

B Quantity I < Quantity II

C Quantity I ≥ Quantity II

D Quantity I ≤ Quantity II

E Quantity I = Quantity II or No relation can be established

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