Question

The difference between simple interest and compound interest on rs.1200 for one year at 10% per annum reckoned half-yearly is ;

Answer 1

S.I

= Rs.(1200x10x1/100)

= Rs.120.

 

C.I

= Rs[(1200x1+5/100)² -1200]

= Rs.123. 

 

Difference

= Rs.[123-120]

= Rs. 3.

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Answer 2

Answer:

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