Multiple choice

Directions: In the following question, we have two quantities given. Compare these quantities and answer accordingly with the following given options. (a) Quantity I > Quantity II (b) Quantity I < Quantity II (c) Quantity I ≥ Quantity II (d) Quantity I ≤ Quantity II (e) Quantity I = Quantity II or No relation Quantity I: A sum of Rs. 20000 amounts to Rs. 22000 at simple interest of 5%. The time period of simple interest. Quantity II: 1 year

  1. a

  2. b

  3. c

  4. d

  5. e
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest = P * R * T / 100. 2000 = 20000 * 0.05 * T => 2000 = 1000 * T => T = 2 years. Quantity I (2 years) > Quantity II (1 year).

AI explanation

Using the simple interest formula, the interest earned is 22000 - 20000 = 2000. We set up the equation 2000 = (20000 * 5 * T) / 100, which simplifies to 2000 = 1000T. Solving for the time gives T = 2 years, so Quantity I is greater than Quantity II.

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