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