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Q:

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

  • 1
    Rs. 2.50
  • 2
    Rs. 3
  • 3
    Rs. 3.75
  • 4
    Rs. 4
  • 5
    None of these
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Answer : 2. "Rs. 3"

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