Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?
A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3
Explanation:
1250 = D(100/4)2
D = 2