The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is________?

Compound Interest 17/03/2021

A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4

Explanation:

S.I. = (1200 * 10 * 1)/100 = Rs. 120

C.I. = [1200 * (1 + 5/100)2 – 1200] = Rs. 123 Difference = (123 – 120) = Rs. 3.

Related Mcqs:

    The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?
    A. Rs.350 B. Rs.375 C. Rs. 380 D. Rs. 400...
    The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:_______?
    A. Rs 145 B. Rs 150 C. Rs 165 D. Rs 180 E. None of these...
    The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?
    A. Rs 6500 B. Rs 6565 C. Rs 65065 D. Rs 65650...
    A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?
    A. Rs.150 B. Rs.140 C. Rs.130 D. Data insufficient for the answer...
    Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?
    A. Rs.21.60 B. Rs.24.00 C. Rs.25.20 D. Rs.27.80 E. None of these...

Leave a Reply

Your email address will not be published. Required fields are marked *