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

Question

Accepted Answer

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

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