Given below are two 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 answers.
Quantity A - On a certain sum of money at 12% p.a. simple interest is Rs. 960 for 5 years. Find the sum of money.
Quantity B - Find simple interest on Rs. 5500 at the rate of interest 3% p.a. for 4 years.
1
Quantity A > Quantity B
2
Quantity A < Quantity B
3
Quantity A ≤ Quantity B
4
Quantity A = Quantity B or No relation