Mathematics · Interest
What is the difference between simple interest and compound interest on Rs. 15,000 for one year at 12% interest per annum if, for compound interest, interest is compounded half-yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 60
- 2Rs. 48
- 3Rs. 36
- 4Rs. 54✓
Correct answer
Rs. 54
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