BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Compound Interest

What is the difference between compound interest and simple interest earned on a sum of Rs. 25000 after 1 year at the rate of 16% per annum when if the interest is compounded half-yearly?

1
Rs. 180
2
Rs. 160
3
Rs. 144
4
Rs. 192
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