Multiple Choice Questions on The difference between simple interest and compound interest on Rs 1200 for one year at 10 per annum........... for HAS Exam Preparation

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Multiple Choice Questions

The difference between simple interest and compound interest on Rs 1200 for one year at 10 per annum...........

Quantitative Aptitude (HAS) Compound Interest
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    The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is

    2 rs.

    Incorrect Answer

    3 rs.

    Correct Answer

    3.50 rs.

    Incorrect Answer

    4 rs.

    Incorrect Answer
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    Explanation:

    S.I

    = Rs.(1200x10x1/100) = Rs.120.

    C.I

    = Rs[(1200x1+5/100)² -1200] = Rs.123.

    Difference

    = Rs.[123-120] = Rs. 3.

    Hence, option 2 is the correct answer.

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