A deposited $ 5000 in a bank at 5% per annum simple interest. B deposited $ 8000 at 6% per annum compound interest. After 2 yr, the difference between their interests will be

A deposited $ 5000 in a bank at 5% per annum simple interest. B depo

1.	A deposited $ 5000 in a bank at 5% per annum simple interest. B deposited $ 8000 at 6% per annum compound interest. After 2 yr, the difference between their interests will be
A.	$ 244.40
B.	$ 288.80
C.	$ 366.60
D.	$ 122.20
Answer» C. $ 366.60

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A deposited $ 5000 in a bank at 5% per annum simple interest.&nbsp;B&nbsp;deposited $ 8000 at 6% per annum compound interest. After 2 yr, the difference between their interests will be

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A deposited $ 5000 in a bank at 5% per annum simple interest. B deposited $ 8000 at 6% per annum compound interest. After 2 yr, the difference between their interests will be