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A man invested Rs. P at 12% p.a. on simp...

A man invested Rs. P at `12%` p.a. on simple interest for to years
Quantity I. If at the end of second year he gets Rs. 1200 as interest, then find Rs. P.
Quantity II. Rs. 6000

A

If Quantity I ` gt` Quantity II

B

If Quantity I ` lt` Quantity II

C

If Quantity I ` ge` Quantity II

D

If Quantity I ` le` Quantity II

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AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the principal amount \( P \) invested by the man, given that he received Rs. 1200 as interest at the end of 2 years at a rate of 12% per annum using simple interest. ### Step-by-Step Solution: 1. **Understand the Simple Interest Formula**: The formula for calculating simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] where: - \( SI \) = Simple Interest - \( P \) = Principal amount (the initial amount of money) - \( R \) = Rate of interest per annum - \( T \) = Time in years 2. **Identify the Given Values**: From the question: - \( SI = 1200 \) (the interest earned after 2 years) - \( R = 12\% \) (the rate of interest) - \( T = 2 \) years (the time period) 3. **Substitute the Values into the Formula**: Plugging the values into the simple interest formula: \[ 1200 = \frac{P \times 12 \times 2}{100} \] 4. **Simplify the Equation**: Simplifying the right-hand side: \[ 1200 = \frac{24P}{100} \] Multiplying both sides by 100 to eliminate the fraction: \[ 120000 = 24P \] 5. **Solve for \( P \)**: Now, divide both sides by 24 to find \( P \): \[ P = \frac{120000}{24} \] Calculating the division: \[ P = 5000 \] 6. **Compare with Quantity II**: Now we compare \( P \) (which is Rs. 5000) with Quantity II (Rs. 6000): - Quantity I: Rs. 5000 - Quantity II: Rs. 6000 ### Conclusion: Since Rs. 5000 (Quantity I) is less than Rs. 6000 (Quantity II), we conclude that: - Quantity I < Quantity II ### Final Answer: The answer is that Quantity I is less than Quantity II. ---
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