Question :
In each of the following questions, read the given statement and compare Quantity I and Quantity II on its basis. (Only quantity is to be considered)
Difference between compound interest and simple interest obtained on Rs. P after 2 years is Rs. 260.
Quantity I : What is the interest earned if Rs. 3P/4 is invested at SI for 4 years at 6% rate of interest p.a.
Quantity II : Rs. 1200
1. Quantity I > Quantity II
2. Quantity I < Quantity II
3. Quantity I ≥ Quantity II
4. Quantity I ≤ Quantity II
5. Quantity I = Quantity II or relationship cannot be determined.
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