What will be the difference in simple and compound interest on 4000 after three years at the rate of 10 percent per annum?
Choose the correct answer:
A) 160 B) 42 C) 62 D) 124 E) None of these
For 3 years:   124iff.=Sum×(rate)2(300+rate)/(100)3   = 4000×10×10×310/100×100×100 = 124   Answer 124
<result>D</result>
What will be the difference in simple and compound interest on 4000 after three years at the rate of 10 percent per annum?