The difference between Simple Interest and Compound Interest on Rs 500 for 1 year at 10 per annum re...........

Quantitative Aptitiude (CLAT) Compound Interest

The difference between Simple Interest and Compound Interest on Rs. 500 for 1 year at 10% per annum, reckoned half yearly is

1.25

1.5

S.I = 500×1×10/100= Rs 50
C.I = 500[1+5/100]^2-500= Rs51.25.
(rate= 10/2)
difference of S.I -C.I = Rs1.25
Hence, option 2 is the correct answer.

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