In the following question, two statements are numbered as A and B. On solving these statements, we get quantities A and B respectively. Solve both quantities and choose the correct option.
Quantity I: P invests Rs. 400 on simple interest at a certain rate of interest for 2 years and at the same time Q invests Rs. 500 on compound interest at the same rate of interest for a year compounded annually. Total interest achieved by both P and Q is Rs. 130.Find the rate of interest per annum.
Quantity II: 10%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 No relation