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

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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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