Mathematics
NULL
Medium
Question
The difference between SI and CI on Rs.1200 for one year at 10% p.a. reckoned half-yearly is:
A
Rs. 2.50
B
Rs. 3
✓ Official correct answer
C
Rs. 3.75
D
Rs. 4
Community credibility
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A
Rs. 2.50
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B
Rs. 3
No member explanations yet for this option.
C
Rs. 3.75
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D
Rs. 4
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Explanation
SI = 120. CI half-yearly = 1200 × (1.05)² − 1200 = 123. Difference = Rs.3.