Question

What is the interest earned half yearly if the difference between simple interest and compound interest on rs. 1200 for one year at 10% per annum?

Answer 1

15000
is the answer.....

Answer 2

Answer:

Rs. 3

Step-by-step explanation:

Simple interest

S. I. =Rs. (1200 * 10* 1/ 100)

S. I. =Rs. 120

Compound Interest

C. I. = Rs. [ ( 1200 * 1 + 5 / 100)^2 -1200 ]

C. I. = Rs.123

Difference = CI-SI

Difference = 123-120

Difference = Rs. 3  

So the value of difference is Rs. 3