Find the difference between compound interest and simple interest on a sum of Rs.120000 at the rate of 12% per annum for three years.

Find the difference between compound interest and simple interest on a

1.	Find the difference between compound interest and simple interest on a sum of Rs.120000 at the rate of 12% per annum for three years.
A.	Rs. 8311.36
B.	Rs. 5391.36
C.	Rs. 6361.36
D.	Rs. 7291.36
E.	None of these
Answer» C. Rs. 6361.36

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Find the difference between compound interest and simple interest on a sum of Rs.120000 at the rate of 12% per annum for three years.

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