Quantity I A man invested Rs 600 in a scheme and received Rs 30 as simple interest after two years F...........

Quantitative Aptitude ( CCS) Arithmatic inequalities

Quantity I: A man invested Rs.600 in a scheme and received Rs.30 as simple interest after two years. Find the rate of interest.

Quantity II: Kamal bought a cycle for Rs.2500 and he spent Rs.500 on its maintenance. If he marked it up by x% and sold it for Rs.3050 after offering a discount of Rs.250. Find the value of x.

Quantity I < Quantity II

No relation.

Quantity I > Quantity II

Quantity I >= Quantity II

Quantity II > Quantity I

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Explanation:

From I: Let the rate of the interest be r% pa.
Now, 600*r%*2 = 30
=> r = 2.5%
From II: Total CP = 2500+500 = Rs.3000 3000*{(100+x)/100} = 3050+250
=> x = 10%
Quantity II > Quantity I

Hence, option 5 is the correct answer.