Mathematics · Interest
Compare the two quantities given below and choose the correct option. Quantity-I: The interest received on investing Rs. (Y + 300) for 2 years at compound interest of 20% p.a. compounded annually is Rs. 264 more than the interest received on investing Rs. (Y - 100) for 3 years at simple interest of 8% p.a. Find the value of 'Y'. Quantity-II: The simple interest received on investing Rs. 5,400 for 2 years at simple interest of 5% per annum is Rs. K. Find the value of 'K'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Quantity-I > Quantity-II
- 2Quantity-I < Quantity-II
- 3Quantity-I ≤ Quantity-II
- 4Quantity-I = Quantity-II or No relation✓
Correct answer
Quantity-I = Quantity-II or No relation
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