The difference between compound interest and simple interest

The difference between compound interest and simple interest on Rs. 5000 for 2 years at 8% per annum payable yearly is

Given that , Principal = Rs. 5,000 , C.I. - S.I. = ? , Time = 2 years , Rate = 8%
Using the given formula
For 2 years,

C.I. – S.I. =	PR²
	10000

C.I. – S.I. =	5000 × 8 × 8	= Rs. 32
	10000