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