An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate?
I.	The rate of interest was 8 p.c.p.a.
II.	The total amount of simple interest was Rs. 1200. Answers:
A) I alone sufficient while II alone not sufficient to answer B) II alone sufficient while I alone not sufficient to answer C) Either I or II alone sufficient to answer D) Both I and II are not sufficient to answer E) Both I and II are necessary to answer
EXPLANATION   Given: T = 3 years.   I. gives: R = 8% p.a.   II. gives: S.I. = Rs. 1200.   Thus, P = Rs. 5000, R = 8% p.a. and T = 3 years.   Difference between C.I. and S.I. may be obtained.   answer is (Both I and II are necessary to answer).
<result>E</result>
An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate?
I.	The rate of interest was 8 p.c.p.a.
II.	The total amount of simple interest was Rs. 1200.