The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?
Answers:
A) Rs.7
B) Rs.3
C) Rs.8
D) Rs.1
E) Rs.4
S.I. = (1200 * 10 * 1)/100   = Rs. 120   C.I. = [1200 * (1 + 5/100)2 - 1200]   = Rs. 123 Difference = (123 - 120)   = Rs. 3.   Answer:Rs.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?