railway DFCCIL MTS 2025 Mock Test Series Quantitative Aptitude Interest Simple and Compound Both

What is the difference between the compound and simple interests for 2 years, on a sum of Rs. 16000 when the rate of interest is 12%?

1
Rs. 220.6
2
Rs. 230.4
3
Rs. 240.5
4
Rs. 236.6
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