A deposited ₹ 6000 in a bank at 5 % Per annum simple interest. B deposited ₹ 5000 at 8 % P. a Compound interest. After 2 years the difference between their interest will be:
A. ₹ 230
B. ₹ 232
C. ₹ 600
D. ₹ 832
Answer:B
A deposited ₹ 6000 in a bank at 5 % Per annum simple interest. B deposited ₹ 5000 at 8 % P. a Compound interest. After 2 years the difference between their interest will be:
A. ₹ 230 B. ₹ 232 C. ₹ 600 D. ₹ 832