If difference between compound interest and simple interest on a sum at 5% P.a. for 2 years is Rs.60, then what is the sum?	Choose the most appropriate option.
A) Rs.8000 B) Rs.4000 C) Rs.5000 D) Rs.6000 E) Rs.24000
C.I-S.I=60   SI=(x*2*5)/100=x/10   CI={x*(1+5/100)^2-x} = 41x/400   CI-SI= 41x/400 - x/10 =60   x=24000   ANSWRs.24000R:Rs.24000
<result>E</result>
If difference between compound interest and simple interest on a sum at 5% P.a. for 2 years is Rs.60, then what is the sum?