railway RPF SI Mock Test Series 2024 Quantitative Aptitude Interest Simple and Compound Both

What will be the difference (In Rs.) between compound interest and simple interest for 3 years on a principle of Rs. 20,000 at the rate of 20% per annum?

1
Rs. 1600
2
Rs. 2060
3
Rs. 2300
4
Rs. 2560
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