• Login via
  • or
  • New here ?

The difference between simple interest and compound interest on Rs. 600 for 1 years at 10% per annum, reckoned half yearly is?

A.Nil
B.Rs. 6.60
C.Rs. 4.40
D.Rs. 1.50
Answer and Feedback
Answer:D
Feedback:S.I. = Rs. (600 x 5 x 2)/100 = Rs.60
C.I.= Rs. [600 x (1 + 5/100)2 - 600] = Rs. 61.50
Requred Difference = Rs. (61.50 - 60) = Rs.1.50

do you want?

view more test

Share this post

Some other questions you may be interested in.

Loading...