An amount of Rs. 15000 is gained after the simple interest at 20 % annum for the 3 years. The simple interest amount is x.
Quantity I: Find simple interest for the (x + 4750) for 3 years at 10% annum.
Quantity II: Compound interest compounded half-yearly at (x + 4375) for 1.5 years at 10% per annum
1
Quantity I > Quantity II
2
Quantity I < Quantity II
3
Quantity I = Quantity II or the relationship cannot be established
4
Quantity I ≥ Quantity II
5
Quantity I ≤ Quantity II