Arithmetic Ability
Compound Interest

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Q.

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

View Answer

Correct choice: B

Explanation:

S.I. = Rs.(1200*10*1)/100=rs.120 C.I. =rs[1200*(1+5/100)2-1200]=rs.123 Difference = Rs.(123-120) =Rs.3
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