Mathematics
NULL
Medium
Question
What is the difference between CI on Rs.12000 at 20% p.a. for one year when compounded yearly versus half-yearly?
A
Rs.140
B
Rs.120
✓ Official correct answer
C
Rs.130
D
Rs.110
Community credibility
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A
Rs.140
No member explanations yet for this option.
B
Rs.120
No member explanations yet for this option.
C
Rs.130
No member explanations yet for this option.
D
Rs.110
No member explanations yet for this option.
Explanation
Yearly CI = 2400. Half-yearly: 12000 × (1.1)² − 12000 = 2520. Difference = Rs.120.