Definition: In this task, you're given a statement and three sentences as choices. Your job is to determine which sentence can be inferred from the statement. Incorrect choices change the meaning in important ways or have details that are not mentioned in the statement. Indicate your answer as 1,2, or 3 corresponding to the choice number of the selected sentence.
Input: Statement: The difference between the effective interest and the stated interest is the amount by which the discount or the premium should be amortized (i.e. Choices:  1. Effective interest is higher than stated interest. 2. There is no difference between effective and stated interest. 3. The discount can be amortized.

3