Directions: Given question contains two statements numbered as Quantity I and Quantity II. On solving these statements, we get quantities I and II respectively. Solve both quantities and choose the correct option.
Quantity I: A man invested a total amount of Rs. 20000. What is the compound interest at the end of three years if interest in the first year is 20%, in the second year is 10% and in the third year is 8% compounded annually?
Quantity II: What is the compound interest on a sum of Rs. 20000 at the end of three years if interest in the first year is 11%, in the second year is 9% and in the third year is 13% compounded annually?
1
Quantity I < Quantity II
2
Quantity I > Quantity II
3
Quantity I ≥ Quantity II
4
Quantity II ≥ Quantity I
5
Quantity I = Quantity II