New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    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)

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