If the difference between the simple interest and compound interest on the same principal at 4% per annum for 2 years is Rs.8, then the principal is (compound interest compounded annually)

If the difference between the simple interest and compound interest on

1.	If the difference between the simple interest and compound interest on the same principal at 4% per annum for 2 years is Rs.8, then the principal is (compound interest compounded annually)
A.	Rs.4,500
B.	Rs.5,000
C.	Rs.5,100
D.	None of the above
Answer» C. Rs.5,100

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If the difference between the simple interest and compound interest on the same principal at 4% per annum for 2 years is Rs.8, then the principal is (compound interest compounded annually)

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