In the given question, two equations numbered l and II are given. You have to solve both the equations and mark the appropriate answer
What is the rate percent per annum?
Quantity I. Sum of money becomes four times in five years at simple interest.
Quantity II. The difference between compound interest and simple interest on a sum of Rs. 15,000 at the end of two years is Rs. 9,600.
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 or No relation can be established