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