The difference between simple and compound interest on Rs 6000 for 1 year at 20 per annum reckoned h...........

Quantitative Aptitude ( CCS) Compound Interest

The difference between simple and compound interest on Rs. 6000 for 1 year at 20% per annum reckoned half yearly is

120

180

172

S.I. = Rs		6000 x 20x 1		= Rs. 1200
		100

C.I. = Rs.		6000 x		1 +	10		2	- 6000		= Rs. 1260
					100

Difference = Rs. (1260 - 1200) = Rs. 60

Hence, option 2 is the correct answer.

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