Mathematics · Interest
Solve for Quantity-I and Quantity-II to establish the correct relationship between them: Quantity I: The compound interest earned on investing Rs. 12,500 at 'r'% p.a., compounded annually for 3 years, is Rs. 9,100. Find the compound interest earned on investing Rs. 8,000 at (r + 5)% p.a., compounded annually for 2 years. Quantity II: There are two schemes, 'A' and 'B', offering simple interest and compound interest respectively, for two years at 10% p.a. If the ratio of the sum invested in 'A' to 'B' is 5 : 2 and the difference between the interest received from both schemes after 2 years is Rs. 58, find the total sum invested in 'A' and 'B' combined.
- 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
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