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Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers.Quantity A: In what time will Rs. 2,200 amount to Rs. 2,640 at simple interest of 5% per annum?Quantity B: 8 years1. Quantity A > Quantity B2. Quantity A < Quantity B3. Quantity A ≥ Quantity B4. Quantity A ≤ Quantity B5. Quantity A = Quantity B or No relation. |
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Answer» Correct Answer - Option 2 : Quantity A < Quantity B Quantity A: Simple interest = (principal × rate × time)/100; Simple interest = Amount – principal Simple interest = Rs. 2,640 – Rs. 2,200 ⇒ Simple Interest = Rs. 440 ⇒ 440 = (2,200 × 5 × time)/100 ⇒ Time = 4 years ∴ Required time = 4 years Quantity B: 8 years ∴ Quantity A < Quantity B |
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