-
If the difference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate of 12% per annum for one year is ₹ 36, the sum is :
-
- ₹ 10,000
- ₹ 12,000
- ₹ 15,000
- ₹ 9,000
Correct Option: A
As the interest was compounded half-yearly,
| we changed r to | and t to 2t. | |
| 2 |
∴ T = 1 year & R = 6%
| Sum = | = ₹ 10000 | |
| 6 × 6 |
