The difference between simple and compound interest on Rs. 1500 for one year at 10% per annum reckoned half-yearly is?
Choose the correct choice from the following answers: A) 8.0 B) 3.0 C) 9.5 D) 3.75 E) 2.15

Rationale: "s . i . = ( 1500 * 10 * 1 ) / 100 = rs . 150 c . i . = [ 1500 * ( 1 + 5 / 100 ) 2 - 1500 ] = rs . 153.75 difference = ( 153.75 - 150 ) = rs . 3.75 answer : d"
Answer: D