The difference between simple 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) 2 B) 3 C) 4 D) 6 E) 7
Explanation:   S.I. = (1200 * 10 * 1)/100 = Rs. 120   C.I. = [1200 * (1 + 5/100)2 - 1200] = Rs. 123 Difference = (123 - 120) = Rs. 3.   Answer:3
<result>B</result>
The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?