Mathematics · Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum for 2 years at the rate of 10 percent per annum is Rs. 360. If the interest is compounded half-yearly, then what will be the difference between compound interest and simple interest on the same sum for one year at 10 percent interest per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 90✓
- 2Rs. 100
- 3Rs. 110
- 4Rs. 75
Correct answer
Rs. 90
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