What will be the difference between simple and compound interest at 12% per annum on a sum of Rs. 1000 after 4 years?  Options
A) 94.19	B) 94.12	C) 93.5	D) 64.1	E) 64.11

Rationale: "s . i . = ( 1000 * 12 * 4 ) / 100 = rs . 480 c . i . = [ 1000 * ( 1 + 12 / 100 ) 4 - 1000 ] = rs . 573.5 difference = ( 573.5 - 480 ) = rs . 93.5 answer : c"
Answer: C