What is the simple interest accrued on a principal of Rs. 6000 in 5 years? Quantity I – The rate of interest is 10% for the first 2 years and 15% for ...

Banking SBI PO Prelims Medium Simplification/ Approximation MCQ

Question

What is the simple interest accrued on a principal of Rs. 6000 in 5 years?

Quantity I – The rate of interest is 10% for the first 2 years and 15% for the last 3 years.

Quantity II – Rs. 3900

Compare Quantity I and Quantity II.

Quantity I > Quantity II

Quantity I < Quantity II

Quantity I \geq Quantity II

Quantity I \leq Quantity II

Quantity I = Quantity II or no relation

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