Question

the difference between the simple interest and the compound interest on ₹ 600 for 1 year at 10% pa reckoned half yearly is ​

Answer 1

Answer:

S.I. = Rs. (600 x 5 x 2)/100 = Rs.60

C.I.= Rs. [600 x (1 + 5/100)2 - 600] = Rs. 61.50

∴ Requred Difference = Rs. (61.50 - 60) = Rs.1.50

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