Correct Answer: Option E
If the Sum of money invested, the Rate percent and the Term are given and is asked to find the difference between the C I and S I is calculated as:
Difference = Sum × r² (300 + r)/ (100)³
Therefore, the required difference = 12000 × 15² (300 + 15)/ 100³
= 12000 × 225 × 315/1000000
= Tk.850.5
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