Question

The difference between the simple interest and the compound interest on Rs.60 for 1 year at 10%
per annum, reckoned half-yearly is.
(A) Re. 0.15
(B) Rs.1.50
(C) Rs.2
(D) none of these​

Answer 1

Answer:

Step-by-step explanation:-

Rate = 10% per annum

Rate for half yearly = 10%/2 = 5%

T = 2 for 2 half yearly periods

SI = 600×5×2/100;

SI = 60

CI = 600×(1+ 5/100)^2 - 600

= 600* (1.05^2 - 1)

= 600*.05*2.05

= 30*2.05

= 61.50

So difference is Rs 1.50

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Answer 2

Answer:

Step-by-step explanation:

Ci=