What will be the difference between the compound interest and simple i – McqOptions

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1.	What will be the difference between the compound interest and simple interest at the rate of 5% per annum on an amount of Rs 4000 at the end of 2 year?
A.	Rs 10
B.	Rs 20
C.	Rs 25
D.	Data inadequate
E.	None of these
Answer» B. Rs 20

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