Ram invested P in scheme A and 2P in scheme B, for two years

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M: +1.00/-0.00

In the given questions, two quantities are given, one as Quantity I and another as Quantity II. You have to determine relationship between two quantities and choose the appropriate option.

a: If quantity I ≥ quantity II
b: If quantity I > quantity II
c: If quantity I < quantity II
d: If quantity I = quantity II or the relationship cannot be established from the information that is given
e: If quantity quantity II

Ram invested P in scheme A and 2P in scheme B, for two years each. Scheme A offers simple interest p.a. Scheme B offers compound interest (compounded annually) at the rate of 10% p.a. Respective ratio between the interest earned from scheme A and that earned from scheme B was 8 : 21.
Quantity :
I. Rate of interest offered by scheme A.
II. Rate of interest offered by scheme C (simple interest p.a.), when 1,600/- is invested for 3 years earns an interest of 384/-.

[RBI Grade B 4 Sep 2016]

A If quantity I ≥ quantity II

B If quantity I > quantity II

C If quantity I < quantity II

D If quantity I = quantity II or the relationship cannot be established from the information that is given

E If quantity quantity II