What will be the difference in simple and compound interest on 7000 after three years at the rate of 10 percent per annum? Pick one
A) 160	B) 42	C) 62	D) 217	E) None of these
For 3 years:   217iff.=Sum×(rate)2(300+rate)/(100)3   = 7000×10×10×310/100×100×100 = 217   Answer 217
<result>D</result>
What will be the difference in simple and compound interest on 7000 after three years at the rate of 10 percent per annum?