Arithmetic Ability
Compound Interest

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Q.

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

View Answer

Correct choice: B

Explanation:

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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