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

Rationale: "500 = d ( 100 / 4 ) 2 d = 0.8 answer : e"
Answer: E