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Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,
Q. Quantity I: A invested Rs.4800 in S.I for n years at a rate of interest of 10% and B invested the same amount in S.I for (n + 3) years at the same rate of interest and the sum of the interest obtained by A and B is Rs.6240. Find the investment period of B.
Quantity II: 6 years
  • a)
    Quantity I > Quantity II
  • b)
    Quantity I ≥ Quantity II
  • c)
    Quantity I < Quantity II
  • d)
    Quantity I ≤ Quantity II
  • e)
    Quantity I = Quantity II or Relation cannot be established
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Following questions have two quantities as Quantity I and Quantity II....
From quantity I,
(4800 * 10 * n)/100 + (4800 * (n + 3) * 10)/100 = 6240
480n + 480 * (n + 3) = 6240
480n + 480n + 1440 = 6240
960n = 4800
n = 5 years
Investment period of B = 5 + 3 = 8 years
Quantity I > Quantity II
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Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,Q.Quantity I: A invested Rs.4800 in S.I for n years at a rate of interest of 10% and B invested the same amount in S.I for (n + 3) years at the same rate of interest and the sum of the interest obtained by A and B is Rs.6240. Find the investment period of B.Quantity II: 6 yearsa)Quantity I > Quantity IIb)Quantity I ≥ Quantity IIc)Quantity I < Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or Relation cannot be establishedCorrect answer is option 'A'. Can you explain this answer?
Question Description
Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,Q.Quantity I: A invested Rs.4800 in S.I for n years at a rate of interest of 10% and B invested the same amount in S.I for (n + 3) years at the same rate of interest and the sum of the interest obtained by A and B is Rs.6240. Find the investment period of B.Quantity II: 6 yearsa)Quantity I > Quantity IIb)Quantity I ≥ Quantity IIc)Quantity I < Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or Relation cannot be establishedCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,Q.Quantity I: A invested Rs.4800 in S.I for n years at a rate of interest of 10% and B invested the same amount in S.I for (n + 3) years at the same rate of interest and the sum of the interest obtained by A and B is Rs.6240. Find the investment period of B.Quantity II: 6 yearsa)Quantity I > Quantity IIb)Quantity I ≥ Quantity IIc)Quantity I < Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or Relation cannot be establishedCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,Q.Quantity I: A invested Rs.4800 in S.I for n years at a rate of interest of 10% and B invested the same amount in S.I for (n + 3) years at the same rate of interest and the sum of the interest obtained by A and B is Rs.6240. Find the investment period of B.Quantity II: 6 yearsa)Quantity I > Quantity IIb)Quantity I ≥ Quantity IIc)Quantity I < Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or Relation cannot be establishedCorrect answer is option 'A'. Can you explain this answer?.
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