Directions: Two quantities A and B are given in the following questions. You have to find the value to both A and B by using your knowledge of mathematics and choose the most suitable relation between the magnitude of A and B from the given options.
Ramesh has Rs. 12000. He has two options to invest. Scheme 1 at simple interest for three years, rate of interest for which will be 10, 12 and 13 percent respectively for three years and Scheme 2 which has 11 percent interest compounded annually for three years.
Quantity A - Amount from scheme 1
Quantity B - Amount from scheme 2
1
Quantity A ≥ Quantity B
2
Quantity A ≤ Quantity B
3
Quantity A = Quantity B or no relationship can be established
4
Quantity A > Quantity B
5
Quantity A < Quantity B