Directions: Two quantities I and II are given in the following questions. You have to find the value to both I and II by using your knowledge of mathematics and choose the most suitable relation between the magnitude of I and II from the given options.
Quantity I: On a certain sum of money difference between compound interest compounded every 6 month at 20% p.a. and simple interest at same rate of interest for one year is Rs 150 then calculate sum of money
Quantity II: Calculate sum of money on which difference between compound interest and simple interest for period of three years at 20% p.a. rate of interest is Rs 1280
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