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Quantity I: Ram invested a sum of Rs. 52,000 in a scheme offering compound interest at the rate of 10% per annum. Find the interest earned by him afte...

Banking RBI Grade B Prelims Easy Number System (including HCF LCM) MCQ

Question

Quantity I: Ram invested a sum of Rs. 52,000 in a scheme offering compound interest at the rate of 10% per annum. Find the interest earned by him after 3 years.

Quantity II: Rahim invested Rs. 28,750 in a scheme offering simple interest at the rate of 20% per annum. Find the interest earned by him after 3 years.

Compare Quantity I and Quantity II.

Options

A.

Quantity I < Quantity II

B.

Quantity I > Quantity II

C.

Quantity I = Quantity II

D.

Quantity I = Quantity II or No relation

compound interestsimple interestcomparisoninvestmentinterest calculation

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