What will be the difference between simple and compound interest at 14% per annum on a sum of Rs. 1000 after 4 years? Choose the correct choice from the following
A) 129  B) 130  C) 124  D) 133  E) 145
S.I. = (1000 * 14 * 4)/100 = Rs. 560   C.I. = [1000 * (1 + 14/100)4 - 1000] = Rs. 689 Difference = (689 - 560) = Rs. 129   129nswer: 129
<result>A</result>
What will be the difference between simple and compound interest at 14% per annum on a sum of Rs. 1000 after 4 years?