What is the difference between the compound interest on Rs.12000 at 28% p.a. for one year when compounded yearly and half yearly? Choose the correct choice from the following answers.
A) 399
B) 383
C) 235
D) 288
E) 133
When compounded annually, interest   = 12000[1 + 28/100]1 - 12000 = Rs.3360   When compounded semi-annually, interest   = 12000[1 + 14/100]2 - 12000 = Rs.3595.2   Required difference = 3595.2 - 3360 = Rs.235.2   Answer: 235
<result>C</result>
What is the difference between the compound interest on Rs.12000 at 28% p.a. for one year when compounded yearly and half yearly?