A person deposited a sum of ₹ 6,000 in a bank at 5% per

A person deposited a sum of ₹ 6,000 in a bank at 5% per annum simple interest. Another
person deposited ₹ 5,000 at 8% per annum compound interest. After two years, the difference of their interests will be

Here , sum = ₹ 6,000 , Rate = 5% per annum , T = 2 years

S.I.=	6000 × 5 × 2	= ₹ 600
	100

C.I. = 5000			1 +	8		²	− 1
				100

C.I. = 5000			27		²	− 1
			25

C.I. = 5000			729 − 625
			625

C.I. = 5000 ×	104	= ₹ 832
	625

∴ Required difference = C.I. - S.I.
∴ Required difference = ₹ (832–600) = ₹ 232