Mathematics · Compound Interest

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

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹4.00
2₹3.75
3₹3.00✓
4₹2.50

Correct answer

₹3.00

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

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

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