Mathematics · Compound Interest

The difference between simple interest and compound interest on Rs. 10,00,000 for 18 months at 12% per annum reckoned half-yearly is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 1.11016
2Rs. 1,101.6
3Rs. 11,016✓
4Rs. 110.16

Correct answer

Rs. 11,016

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The difference between simple interest and compound interest on Rs. 10,00,000 for 18 months at 12% per annum reckoned half-yearly is:

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The difference between simple interest and compound interest on Rs. 10,00,000 for 18 months at 12% per annum reckoned half-yearly is:

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