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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: A sum of money become 8 times itself in 3 years compounded annually. Find rate of interest.Quantity B: 10%1. 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 1 : Quantity A > Quantity B Quantity A: Amount = P(1 + r/100)t let the principal amount be x. ⇒ 8x = x(1 + r/100)3 ⇒8x/x = (1 + r/100)3 ⇒8 = (1 + r/100)3 ⇒ (2)3 = (1 + r/100)3 ⇒2 = (1 + r/100) ⇒1 = r/100 R = 100% Quantity B: 10% ∴ Quantity A > Quantity B |
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