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Previous Year Questions

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Question :

The question contains a statement followed by Quantity I, II and III. Read the information clearly and answer your questions accordingly.

The options represent the relations between these three quantities

A) >

B) <

C) =

D) ≤

E) ≥

For example:

Quantity I = 200

Quantity II = 300

Quantity III = 100

Hence, Quantity I < Quantity II > Quantity III

So, the solution represented as B, A

1) A, B

2) B, C

3) B, A

4) E, B

5) B, D

Answer is option 3)

Quantity I: Simple interest(SI) on Rs 45000 for 3 years at 7% p.a.

Quantity II: Compound interest(CI) on Rs 30000 for 3 years at 10% p.a.

Quantity III: A person deposited Rs 7000 at 15% compound interest. The amount received by him at the end of 2 years.

1. A, A

2. C, A

3. A, C

4. A, B

5. B, A

Correct Answer : 5
Solution :

Quantity I:

SI = 45000 x 7 x 3/100 = Rs 9450

Quantity II:

CI = 30000 x (1.1)3 - 30000 = Rs 9930

Quantity III:

Amount = 7000 x (1.15)2 = Rs 9257.50

Quantity I < Quantity II > Quantity III

Therefore, B, A

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