The difference between simple interest and compound interest on Rs.1200 for one year at 10% per annum reckoned half-yearly is : Choose the correct choice from the following answers:	A) Rs.2.50	B) Rs.3	C) Rs.3.75	D) Rs.4	E) Rs.5
S.I = (1000 *10 *4)/100 = Rs.400   C .I =1200 *1+5/100)2 –1200 = 123.   Difference = Rs.(123-120) = Rs.3   ANSWER:Rs.3
<result>B</result>
The difference between simple interest and compound interest on Rs.1200 for one year at 10% per annum reckoned half-yearly is :