insurence exam NIACL Assistant (Pre + Mains) Mock Test 2024 (New) Quantitative Aptitude Data Sufficiency
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.
Rs. 17600 is divided into two equal halves and invested for 5 years, one at SI and the other at CI at different rates of interest. The amount invested under CI fetches a rate of interest of 10%. The amount at SI is invested at 20%.
Quantity I: The amount obtained after five years under compound interest.
Quantity II: The amount obtained after five years under simple interest.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