The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is? Options.
A) 8
B) 3
C) 9
D) 3
E) 2
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?