An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned

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Q 1403123948.     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.
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

#### HINT

(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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