13. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
A. Rs. 2.50 B. Rs. 3
C. Rs. 3.75 D. Rs. 4
E. None of these
Answer: Option B
Explanation:
S.I. = Rs
|
|
1200 x 10 x 1
|
|
= Rs. 120.
|
100
|
C.I. = Rs.
|
|
1200 x
|
|
1 +
|
5
|
|
2
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- 1200
|
|
= Rs. 123.
|
100
|
Difference = Rs. (123 - 120) = Rs. 3.
Title :
Compound Interest Q13
Description : 13. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: A. ...
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