Mathematics · Compound Interest
The Compound Interest on Rs. 1200 for 1 year at 10% per annum compounded half-yearly will exceed the Simple Interest on the same sum at the same rate per annum for 1 year by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5
- 2Rs. 3✓
- 3Rs. 5.50
- 4Rs. 4
Correct answer
Rs. 3
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