The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?
Answer: B
S.I. = (1200 * 10 * 1)/100 = Rs. 120
C.I. = [1200 * (1 + 5/100)⊃2; - 1200] = Rs. 123 Difference = (123 - 120) = Rs. 3.