What is the difference between the compound interest on Rs.12000 at 30% p.a. for one year when compounded yearly and half yearly? Choose the correct choice from the following choices: A) 399 B) 383 C) 270 D) 288 E) 133
When compounded annually, interest   = 12000[1 + 30/100]1 - 12000 = Rs.3600   When compounded semi-annually, interest   = 12000[1 + 15/100]2 - 12000 = Rs.3870   Required difference = 3870- 3600 = Rs.270   Answer: 270
<result>C</result>
What is the difference between the compound interest on Rs.12000 at 30% p.a. for one year when compounded yearly and half yearly?