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The difference between simple interest and compound on Rs. 2400 for one year at 10% per annum reckoned half-yearly is: 

  • a)
    Rs. 4

  • b)
    Rs. 6

  • c)
    Rs. 3

  • d)
    Rs. 2

Correct answer is option 'B'. Can you explain this answer?
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The difference between simple interest and compound on Rs. 2400 for on...
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The difference between simple interest and compound on Rs. 2400 for on...
SI = 2400*1*10/100= 240

CI = 2400(1+(10/2)/100)^2*1= 246

CI-SI = 246-240 = 6
Ans - B
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The difference between simple interest and compound on Rs. 2400 for on...
CI : -2400*5/100 = 120
          2400+120= 2520
          2520*5/100= 126
          2520+126= 2646

SI : - 2400*5/100=120
          120*2= 240
          2400+240= 2640

Difference : - 2646-2640 = 6
Therefore, the difference between SI and CI is Rs.6 /-
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The difference between simple interest and compound on Rs. 2400 for one year at 10% per annum reckoned half-yearly is:a)Rs. 4b)Rs. 6c)Rs. 3d)Rs. 2Correct answer is option 'B'. Can you explain this answer?
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