What will be the difference in simple and compound interest on 2000 after three years at the rate of 10 percent per annum? Options:
A) 160
B) 42
C) 62
D) 20
E) None of these
For 3 years:   Diff.=Sum×(rate)2(300+rate)/(100)3   = 2000×10×10×310/100×100×100 = 62   Answer 62
<result>C</result>
What will be the difference in simple and compound interest on 2000 after three years at the rate of 10 percent per annum?