Question
The following questions each present two quantities, Quantity I and Quantity
The following questions each present two quantities, Quantity I and Quantity
II. Compare the values of the two quantities and determine their relationship. Quantity I: P puts ₹25,000 into a SIP that gives 20% annual compound interest for 2 years. After the completion of 2 years, he reinvests the matured amount into another SIP that offers 10% simple interest per year for 1 more year. Calculate the total interest he earns from these SIPs over the span of 3 years. Quantity II: R and Q begin a business together. R’s capital is 20% higher than Q’s, but R stays invested for 2 months less, while Q keeps the investment for 6 months. At the end of 6 months, they make a total profit of ₹45,000. Determine how much of this profit goes to R.
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