The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: Options: A . &nbspRs 2.5 B . &nbspRs 3 C . &nbspRs 3.75 D . &nbspRs 4 E . &nbspNone of these

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

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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