RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 95 of 260

Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer accordingly. A person invested Rs. 40000 at the rate of 5R% per annum simple interest for R years and received Rs. 18000 as interest. Quantity I: Find the compound interest received after 2 years, if he had invested Rs. 30000 at the (R+7) % per annum compounded annually. Quantity II: If Rs. 8000R is invested at the rate of 18% per annum simple interest, then interest received after 4 years.

Simple & Compound Interest

1. AA. Quantity I > Quantity II
2. BB. Quantity I < Quantity IICorrect
3. CC. Quantity I ≥ Quantity II
4. DD. Quantity I ≤ Quantity II
5. EE. Quantity I = Quantity II