Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 13)
13.
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Answer: Option
Explanation:
| S.I. = Rs |  |
1200 x 10 x 1 |  |
= Rs. 120. |
| 100 |
| C.I. = Rs. |  |
1200 x | |
1 + | 5 | |
2 | - 1200 |  |
= Rs. 123. |
| 100 |
Difference = Rs. (123 - 120) = Rs. 3.
Discussion:
53 comments Page 6 of 6.
Sandy said:
9 years ago
Yes @Santhiya you are upto the point. Anyhow SI gonna be the fixed interest for the months.
Haritha said:
9 years ago
Do we have any other method to solve this problem? If yes means, please tell me.
Rani said:
1 decade ago
Why 1200 is subtracted for calculation of CI?
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