Question

Two quantities are given as Quantity I and Quantity
II. You have to determine the relationship between them and give the answer. Ms. Anika invests in two schemes on compound interest: Scheme A at 5% p.a. and Scheme B at 15% p.a., both compounded annually. The total investment across both schemes is Rs.20000. After 2 years, the total interest earned is Rs.4690. Quantity I: Amount invested in Scheme
A. Quantity II: Amount invested in Scheme
B.

Q: Answer-Two quantities are given as Quantity I and Quantity II. You have to determine the relationship betwe...

ATQ, Let x be the amount invested in Scheme A and 20000 x be the amount invested in Scheme B. For 2 years, compound interest Scheme A, Net effective interest 5 5 55100 10.25 Scheme B, Net effective interest 15 15 1515100 32.25 10.25100 x 32.25100 20000 x 4690 0.1025 0.3225x 4690 0.322520000 0.2200x 4690 6450 1760 x 17600.22 8000 Therefore, Quantity I 8000 and Quantity II 20000 8000 12000 Conclusion Quantity I lt Quantity II.