[Rs.6.60] The difference between simple interest and the compound interest on Rs.600 for 1 year at 10% per ann

For Competitive Exams

The difference between simple interest and the compound interest on Rs.600 for 1 year at 10% per annum, reckoned half-yearly is:

Rs.2.50

Rs.4.40

Rs.6.60

Nil

Explanation:

C.I when reckoned half-yearly
= Rs. [800×(1+10100)4−800][800×(1+10100)4−800] = Rs. 172.40
Difference = Rs.(172.40-168) Rs.4.40

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