Mathematics · Interest
Solve the following two quantities and choose the correct option: Quantity I: A invests a certain sum in a Simple Interest scheme at 12% p.a. for 6 years. B invests the same sum in a Compound Interest scheme at 20% p.a. for 2 years. If the difference between the interest received by A and B is Rs. 1120, find the sum invested by A. Quantity II: C invests Rs. y in a simple interest scheme at 15% p.a. for 4 years and also invests Rs. 6000 in another simple interest scheme at 10% p.a. for 3 years. If the interest from the first scheme is Rs. 420 less than the interest from the second scheme, find the value of y.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Quantity I > Quantity II✓
- 2Quantity I ≥ Quantity II
- 3Quantity II > Quantity I
- 4Quantity II ≥ Quantity I
Correct answer
Quantity I > Quantity II
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