In the question, two quantities (I) and (II) are given. You have to solve both quantities to establish the correct relation between Quantity (I) and Quantity (II) and choose the correct option.
The simple interest received on investing (18P + 300) Rs. for 3 years at the rate of 16% p.a. is 3600 Rs. The simple interest received on investing 'Q' Rs. for 4 years at the rate of (P/20)% p.a. is 4640 Rs.
Quantity (I): Find the compound interest received on investing (Q + 600) Rs. for 2 years at compound interest of {(P - 10)/26}% p.a. compounded annually.
Quantity (II): An article with the cost price of (Q - 50) Rs. is marked 40% above its cost price and sold after a discount of 236 Rs. Find the profit earned on selling the article.
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)