The difference between the compound interest and simple interest on Rs 10000 for 3 years at 10% per annum is:

ARs 310 ✓ Correct

BRs 300

CRs 200

DRs 430

Correct answer: (A) Rs 310

Explanation

The difference is Rs 310.

Simple interest = 10000 x 10 x 3 / 100 = 3000.

Compound amount = 10000 x (1.1)^3 = 13310.

Compound interest = 13310 - 10000 = 3310.

Difference = 3310 - 3000 = 310.

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