Question
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Answer: Option B
- S.I. = Rs 1200 x 10 x 1 = Rs. 120. 100
C.I. = Rs. [ 1200 x ( 1 + 5 ) 2 - 1200 ] = Rs. 123. 100
Difference = Rs. (123 - 120) = Rs. 3.
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- S.I. = Rs 1200 x 10 x 1 = Rs. 120. 100
C.I. = Rs. [ 1200 x ( 1 + 5 ) 2 - 1200 ] = Rs. 123. 100
Difference = Rs. (123 - 120) = Rs. 3.
Was this answer helpful ?
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