Direction: Given below are quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of mathematics to choose among the possible answer.
A person invests in two schemes. In the first scheme, he invests Rs. 30000 for six months, which earns simple interest of 7% annually. In the 2nd scheme, he invests Rs. 10000 monthly at 36% annual CI compounded monthly for three months.
Quantity A: Interest from 1st scheme
Quantity B: Interest from 2nd scheme
1
Quantity A ≥ Quantity B
2
Quantity A ≤ Quantity B
3
Quantity A > Quantity B
4
Quantity A < Quantity B
5
Quantity A = Quantity B or No relation