Given below are two quantities named 1 and 2. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers.
Quantity 1: The compound interest is Rs.1331 for 2 years at 20 percent rate of interest, then find the principal amount.
Quantity 2: If the simple interest is Rs.1500 for 2 years at the rate of 10 percent, then find the principal amount.
1
Quantity 1 > Quantity 2
2
Quantity 1 ≥ Quantity 2
3
Quantity 2 > Quantity 1
4
Quantity 2 ≥ Quantity 1
5
Quantity 1 = Quantity 2 or Relation cannot be established