An amount of money was lent for 3 years. What will be the difference b – McqOptions

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1.	An amount of money was lent for 3 years. What will be the difference between the simpleÂ and the compound interest earned on it at the same rate?I. The rate of interest was 8 p.c.p.a.II. The total amount of simple interest was Rs. 1200
A.	I alone sufficient while II alone not sufficient to answer
B.	alone sufficient while I alone not sufficient to answer
C.	Both I and II are not sufficient to answer
D.	Both I and II are necessary to answer
Answer» E.

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