Indu gave Bindu Rs.500 on compound interest for 2 years at 4% per annum. How much loss would Indu has suffered had she given it to Bindu for 2 years at 4% per annum simple interest? Select the correct option.
A) 0.2  B) 1.2  C) 3  D) 4  E) 0.8
500 = D(100/4)2   D = 0.8   Answer: 0.8
<result>E</result>
Indu gave Bindu Rs.500 on compound interest for 2 years at 4% per annum. How much loss would Indu has suffered had she given it to Bindu for 2 years at 4% per annum simple interest?