What will be the difference between simple interest and compound interest @ 10% per annum on a sum of Rs. 1000 after 3 years?
Choose the most appropriate option:  A) 22  B) 77  C) 26  D) 19  E) 31
Explanation:   S.I. = Rs. [(1000 x 10 x 3) / 100] = Rs. 300   C.I. = Rs. [1000 x (1 + (10/100))3 - 1000] = Rs. 331   Difference = Rs. (331 - 300) = Rs. 31   ANSW31R:31
<result>E</result>
What will be the difference between simple interest and compound interest @ 10% per annum on a sum of Rs. 1000 after 3 years?