35.The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is
A. Rs.2.50 B. Rs. 3
C. Rs. 4 D. Rs. 3.75
Answer:
S.I= Rs.(1200x10x1/100)
Rs.120.
C.I=Rs[(1200x1+5/100)² -1200]
Rs.123.
Difference = Rs.[123-120]=Rs. 3.
