A person invested an amount of Rs 150000. 30% of the amount was invested in a b

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โœช Choose the correct option.

A person invested an amount of Rs 150000. 30% of the amount was invested in a bond which gave simple interest at the rate of 20% per annum. Remaining was deposited in a bank where the amount was compounded yearly at the rate of 20% per annum. The term of deposit in both situations was 2 years. What will be the difference between the compound interest and the simple interest.

A. Rs 18,200
B. Rs 20,200
C. Rs 28,200
D. Rs 25,200

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