A person deposited a sum of 6,000 in a bank at 5% per annum simple i – McqOptions

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1.	A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Anotherperson deposited 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be
A.	230
B.	232
C.	832
D.	600
Answer» C. 832

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