In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option.
Quantity A: The simple interest on a certain sum is what percentage of the sum at a rate of 8% p.a. after 5 years?
Quantity B: The interest compounded annually on a certain sum is what percentage of the sum at a rate of 20% p.a. after 2 years?1
Quantity A > Quantity B
2
Quantity A < Quantity B
3
Quantity A ≥ Quantity B
4
Quantity A ≤ Quantity B
5
Quantity A = Quantity B