A person deposited a sum of Rs.6,000 In a bank at 5% per annum simple Interest. Another person deposited Rs.5,000 at 8% per annum compound Interest After two years, the difference of their Interests will be
1). Rs.230
2). Rs.232
3). Rs.832
4). Rs.600
. S.I = $\frac{6000\times5\times2}{100}$ = 600
C.I = 5000($1+\frac{8^{2}}{100}$) - 1
$5000\times\frac{104}{625}$
Required difference
= (832–600) = 232