What will be the difference between simple and compound interest at 6% per annum on a sum of Rs. 1000 after 4 years? Select:	A) 24.19	B) 24.12	C) 22.1	D) 24.1	E) 22.5

Rationale: "s . i . = ( 1000 * 6 * 4 ) / 100 = rs . 240 c . i . = [ 1000 * ( 1 + 6 / 100 ) 4 - 1000 ] = rs . 262.5 difference = ( 262.5 - 240 ) = rs . 22.5 answer : e"
Answer: E