What will be the difference between simple and compound interest at 6% per annum on a sum of Rs. 1000 after 4 years?	Choose the correct option
A) 24.19  B) 24.12  C) 22.1  D) 24.1  E) 22.5
S.I. = (1000 * 6 * 4)/100 = Rs. 240   C.I. = [1000 * (1 + 6/100)4 - 1000] = Rs. 262.5 Difference = (262.5 - 240) = Rs. 22.5   Answer: 22.5
<result>E</result>
What will be the difference between simple and compound interest at 6% per annum on a sum of Rs. 1000 after 4 years?