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 choices:
A) Rs.2.50 B) Rs.3 C) Rs.4 D) Rs.3.75 E) None
Solution   S.I	= Rs.(1200x10x1/100)   Rs.120.   C.I	=Rs[(1200x1+5/100)² -1200]   Rs.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