What will be the difference in simple and compound interest on 5000 after three years at the rate of 10 percent per annum? Select.
A) 155 B) 42 C) 62 D) 20 E) None of these
For 3 years:   Diff.=Sum×(rate)2(300+rate)/(100)3   = 5000×10×10×310/100×100×100 = 155   155nswer 155
<result>A</result>
What will be the difference in simple and compound interest on 5000 after three years at the rate of 10 percent per annum?