Quantity I Find the simple interest earned on Rs 2400 at the rate of 8 p a in 3 years Quantity II Fi...........

Quantitative Aptitude ( CCS) Arithmatic inequalities

Quantity I: Find the simple interest earned on Rs.2400 at the rate of 8% p.a. in 3 years.

Quantity II: Find the compound interest earned on Rs. 2800 at the rate of 10% p.a. compounded annually after 2 years.

I < II

I >= II

I = II or No relation

I =< II

I > II

From I: S.I. = (2400*8*3)/100 = Rs.576
From II: C.I. = 2800*[(1.1)^2 – 1] = Rs. 588
I < II

Hence, option 1 is the correct answer.

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