The difference between compound interest and simple interest on ₹ 8000 at 5 % P. a for 3 years is
A. ₹ 50
B. ₹ 60
C. ₹ 61
D. ₹ 600
Answer:C
The difference between compound interest and simple interest on ₹ 8000 at 5 % P. a for 3 years is
A. ₹ 50 B. ₹ 60 C. ₹ 61 D. ₹ 600