Question
Quantitative Aptitude Question on Profit and Loss
The difference between Simple Interest and Compound Interest on Rs. 500 for 1 year at 10% per annum, reckoned half yearly is
A
Rs. 1
B
Rs. 1.25
C
Rs. 1.5
D
Rs. 2
Answer
Rs. 1.25
Explanation
Solution
The correct option is (B): Rs. 1.25.