Mathematics · Compound Interest
What is the difference between the simple interest and compound interest on a sum of Rs. 1200 for one year at 10% per annum, compounded half-yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6
- 2Rs. 60
- 3Rs. 3✓
- 4Rs. 30
Correct answer
Rs. 3
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