Directions: Two quantities A and B are given in the following questions. You have to find the value to both A and B by using your knowledge of mathematics and choose the most suitable relation between the magnitude of A and B from the given options.
Quantity A - Time for sum invested to become 8 times of itself. Sum of money doubles itself in 3 years at compound interest, compounded annually.
Quantity B- Time for which money is invested. Sum of Rs. 12540 becomes Rs. 19437. Rate of interest (S.I.) for first 3 years is 5% and after that is 8%.
1
Quantity A ≥ Quantity B
2
Quantity A ≤ Quantity B
3
Quantity A = Quantity B or no relationship can be established
4
Quantity A > Quantity B
5
Quantity A < Quantity B