he difference between the compound and simple interest on a certain sum for 2 years at the rate of 8% per annum is Rs.80,What is the sum?	Pick one
A) 23798 B) 27789 C) 27889 D) 12,500 E) 27081
ifference in simple and compound interest at the end of 2 years occurs because there is interest on first year interest. So 12,500ifference = P×(R100)2P×(R100)2   ⇒ 80 = P×(8100)2P×(8100)2   ⇒ P=80×(1008)2P=80×(1008)2 = 12,500   Answer:12,500
<result>D</result>
he difference between the compound and simple interest on a certain sum for 2 years at the rate of 8% per annum is Rs.80,What is the sum?