What is the difference between the compound interest on Rs.12000 at 26% p.a. for one year when compounded yearly and half yearly? Choose the correct choice from the following answers:
A) 399.8	B) 383.8	C) 120.8	D) 202.8	E) 233.8
When compounded annually, interest   = 12000[1 + 26/100]1 - 12000 = Rs.3120   When compounded semi-annually, interest   = 12000[1 + 13/100]2 - 12000 = Rs.3322.80   Required difference = 3322.80 - 3120 = Rs.202.80   Answer: 202.8
<result>D</result>
What is the difference between the compound interest on Rs.12000 at 26% p.a. for one year when compounded yearly and half yearly?