A man deposited ₹ 6000 in a bank at 5 % P. a simple interest another man deposits ₹ 5000 at 8 % P. a Compounded interest. After 2 years the difference of their interest will be
A. ₹ 230
B. ₹ 232
C. ₹ 600
D. ₹ 832
Answer:B
A man deposited ₹ 6000 in a bank at 5 % P. a simple interest another man deposits ₹ 5000 at 8 % P. a Compounded interest. After 2 years the difference of their interest will be
A. ₹ 230 B. ₹ 232 C. ₹ 600 D. ₹ 832