Multiple choice

Directions: In the following question, two quantities are given numbered I and II. Determine the relationship between the quantities and choose the appropriate option. Give answer according to these codes. Quantity I: Time in which the simple interest accrued on Rs. 2500 is less than the simple interest accrued on Rs. 2400 at 7% p.a. by Rs. 49 Quantity II: Time in which the simple interest accrued on Rs. 3000 is less than the simple interest accrued on Rs. 2500 at 5% p.a. by Rs. 100

  1. Quantity I ≤ Quantity II

  2. If Quantity I > Quantity II

  3. If Quantity I < Quantity II

  4. Quantity I ≥ Quantity II

  5. If Quantity I = Quantity II, or the relationship cannot be established from the information given.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For Quantity I, the interest difference is 100 × 7% × t = 49, so t = 7 years. For Quantity II, the difference is 500 × 5% × t = 100, so t = 4 years. Hence Quantity I is greater than Quantity II.

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