The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Explanation:
S.I. = Rs. 1200×10×1100=Rs. 120
C.I. = 1200×1+51002-1200= Rs. 123
∴ Difference = Rs. (123 - 120) = Rs. 3.
Hence, option (b).
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