. The difference between simple interest and compound on Rs. 1200 for one y

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. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

Options:

A . Rs. 2.50

B . Rs. 3

C . Rs. 3.75

D . Rs. 4

Answer: Option B

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Question 6. . What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. ....II. Rs. 200 was borrowed for 16 years at 6%.

Question 7. . An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest....II. The total amount of simple interest was Rs. 1200.

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