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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: Find the compound interest on Rs. 13200 at a rate of interest 20% per annum with interest reckoned half yearly for a year.Quantity B: Rs. 30001. 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: Amount = P(1 + r/100)t Amount = 13,200(1 + 10/100)2 ⇒ Amount = 13200 × 11/10 × 11/10 = 15,972 ⇒ Compound interest = 15972 – 13200 = 2772 ∴ Compound interest = Rs.2772 Quantity B: Rs.3000 ∴ Quantity A < Quantity B |
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