Discussion :: Compound Interest
-
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Whatsapp
Facebook
Answer : Option B
Explanation :
S.I. = Rs\( [\frac { 1200*10*1 } { 100 } ]\)=Rs.120
C.I. = Rs[1200x\([1+\frac { 5 } { 100 } ]^2\)-1200]=Rs.123
Difference = Rs. (123 - 120) = Rs. 3.
Be The First To Comment