The difference between simple and compound interest on Rs. 1600 for one year at 10% per annum reckoned half-yearly is? Choose the correct choice from the following
A) 8
B) 3
C) 9
D) 4
E) 2
S.I. = (1600 * 10 * 1)/100 = Rs. 160   C.I. = [1600 * (1 + 5/100)2 - 1600]   = Rs. 164 Difference = (164 - 160)   = Rs.4.   Answer:4
<result>D</result>
The difference between simple and compound interest on Rs. 1600 for one year at 10% per annum reckoned half-yearly is?