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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