Question

The difference between simple interest and compound on Rs. 1200 for one year at 10%
per annum reckoned half-yearly is:
2
3
B. Rs. 3
Rs. 2.50
Rs. 3.75
Rs. 4
y,
449 PM​

Answer 1

Answer:

Step-by-step explanation:

Solution(By Examveda Team)

S.I.=Rs.(1200×10×1100)=Rs.120C.I.=Rs.[1200×(1+5100)2−1200]=Rs.123∴Difference=Rs.(123−120)=Rs.3