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In the following questions, two statements numbered I and II are given. On solving them, we get quantities I and II respectively. Solve for both quantities and choose the correct option.
Quantity I: What is the interest paid by Raj on ₹24500 at the rate of 8% per annum compounded annually at the end of three years?
Quantity II: P and R starts a business with an initial capital of ₹15000 and ₹18000 respectively. At the end of six months Q joins the business with a capital of ₹24000 then what is the difference of profit of P and R if Q claims a profit of ₹5280 at the end of one year?
  • a)
    Quantity I > Quantity II
  • b)
    Quantity I < quantity="" />
  • c)
    Quantity I ≥ Quantity II
  • d)
    Quantity I ≤ Quantity II
  • e)
    Quantity I = Quantity II or the relation can't be determined
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In the following questions, two statements numbered I and II are give...
Quantity I:
CI = P × ((1 + R/100)3 - 1)
CI = 24500 × ((1 + 8/100)3 - 1)
CI = 24500 × (259712/1000000) = ₹6363
Quantity II:
Investment of P = (15000 × 12) = ₹180000
Investment of R = (18000 × 12) = ₹216000
Investment of Q = (24000 × 6) = ₹144000
Ratio of capital of P, Q and R = 5:6:4
Profit of Q = ₹5280
Total profit = 5280 × 15/6 = 13200
Required difference of profit = 13200 × 1/15 = ₹880
Hence, Quantity II < quantity="" />
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In the following questions, two statements numbered I and II are given. On solving them, we get quantities I and II respectively. Solve for both quantities and choose the correct option.Quantity I: What is the interest paid by Raj on ₹24500 at the rate of 8% per annum compounded annually at the end of three years?Quantity II: P and R starts a business with an initial capital of ₹15000 and ₹18000 respectively. At the end of six months Q joins the business with a capital of ₹24000 then what is the difference of profit of P and R if Q claims a profit of ₹5280 at the end of one year?a)Quantity I > Quantity IIb)Quantity I c)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or the relation can't be determinedCorrect answer is option 'A'. Can you explain this answer?
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In the following questions, two statements numbered I and II are given. On solving them, we get quantities I and II respectively. Solve for both quantities and choose the correct option.Quantity I: What is the interest paid by Raj on ₹24500 at the rate of 8% per annum compounded annually at the end of three years?Quantity II: P and R starts a business with an initial capital of ₹15000 and ₹18000 respectively. At the end of six months Q joins the business with a capital of ₹24000 then what is the difference of profit of P and R if Q claims a profit of ₹5280 at the end of one year?a)Quantity I > Quantity IIb)Quantity I c)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or the relation can't be determinedCorrect answer is option 'A'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about In the following questions, two statements numbered I and II are given. On solving them, we get quantities I and II respectively. Solve for both quantities and choose the correct option.Quantity I: What is the interest paid by Raj on ₹24500 at the rate of 8% per annum compounded annually at the end of three years?Quantity II: P and R starts a business with an initial capital of ₹15000 and ₹18000 respectively. At the end of six months Q joins the business with a capital of ₹24000 then what is the difference of profit of P and R if Q claims a profit of ₹5280 at the end of one year?a)Quantity I > Quantity IIb)Quantity I c)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or the relation can't be determinedCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the following questions, two statements numbered I and II are given. On solving them, we get quantities I and II respectively. Solve for both quantities and choose the correct option.Quantity I: What is the interest paid by Raj on ₹24500 at the rate of 8% per annum compounded annually at the end of three years?Quantity II: P and R starts a business with an initial capital of ₹15000 and ₹18000 respectively. At the end of six months Q joins the business with a capital of ₹24000 then what is the difference of profit of P and R if Q claims a profit of ₹5280 at the end of one year?a)Quantity I > Quantity IIb)Quantity I c)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or the relation can't be determinedCorrect answer is option 'A'. Can you explain this answer?.
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