In the following question, two statements are numbered as I and II. On solving these statements, we get quantities I and II respectively. Solve both quantities and choose the correct option.
Quantity I: If the interest is earned after 3 years if a person invests Rs. 52000 at C.I. at the rate of 10% per annum.
Quantity II: If the interest earned after 3 years, if a person invests Rs. 28750 at S.I. at a rate of 20% per annum.
1
Quantity II ≤ Quantity I
2
Quantity I > Quantity II
3
Quantity II ≥ Quantity I
4
Quantity I = Quantity II or No Relation
5
Quantity II > Quantity I