Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers.Quantity 1: If the interest earned on some principal for one year is 16% of the principle. Find the rate of interest.Quantity 2: If the compound interest for 2 years earned on the principle of Rs.1500 is Rs.315, find the rate of interest.

• A. Quantity 1 > Quantity 2
• B. Quantity 1 < Quantity 2
• C. Quantity 1 ≤ Quantity 2
• D. Quantity 1 ≥ Quantity 2
• E. Either Quantity 1 = Quantity 2 or no relation can be established.