The difference between simple and compound interest on Rs. 1500 for one year at 10% per annum reckoned half-yearly is?  Choose the correct answer
A) 8.0
B) 3.0
C) 9.5
D) 3.75
E) 2.15
S.I. = (1500 * 10 * 1)/100 = Rs. 150   C.I. = [1500 * (1 + 5/100)2 - 1500]   = Rs. 153.75 3.75ifference = (153.75 - 150)   = Rs.3.75   Answer:3.75
<result>D</result>
The difference between simple and compound interest on Rs. 1500 for one year at 10% per annum reckoned half-yearly is?