Multiple choice

In the following questions, two equations Quantity I and Quantity II are given. You have to solve both the equations and give answer. Quantity I: Simple interest earned on a certain sum of money after 4 years at the rate of 8 % per annum is Rs.17920. Then find the principle. Quantity II: Rs.45000

  1. Quantity I > Quantity II

  2. Quantity I ≥ Quantity II

  3. Quantity I < Quantity II

  4. Quantity I ≤ Quantity II

  5. Quantity I = Quantity II or the relation cannot be established
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A Correct answer
Explanation

Using SI = P×R×T/100: 17920 = P×8×4/100, so P = 17920×100/32 = Rs.56000. Comparing Quantity I (56000) with Quantity II (45000): 56000 > 45000, so Quantity I > Quantity II. The formula directly gives the principal amount.

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