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