Quantity 1 A person gets simple interest of Rs 1617 in 3yrs at 7 per annum Find the principal Quanti...........

Quantitative Aptitude ( CCS) Arithmatic inequalities

Quantity 1 : A person gets simple interest of Rs.1617 in 3yrs at 7% per annum. Find the principal ?

Quantity 2 : In 2 years a person gets Rs.19 more CI than SI at 5% as rate of interest. Find the principal?

Quantity 1 ≥ Quantity 2

Quantity 1 = Quantity 2 (or) No relation

Quantity 1 > Quantity 2

Quantity 1 ≤ Quantity 2

Quantity 1 < Quantity 2

Quantity I :

SI = (P×N×R)/100 = 1617

= (P×3×7)/100 = P = Rs. 7700

Quantity II :

CI – SI = P( R/100)² = 19

= P(5/100)² = P = Rs. 7600

Hence Quantity 1>Quantity 2

Hence, option 3 is the correct answer.

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