What is the difference between the compound interest (compounded annually) and the simple interest on ₹10,000 at 10% per annum for 3 years?

A. ₹331

B. ₹100

C. ₹310

D. ₹300

Doubtly AI Asked 27 Oct 2026 AI-generated · not yet verified ssc cpo Save WhatsApp Report

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Answer: C. ₹310

Answer: (C) ₹310

For 3 years, CI − SI \(= P\left(\frac{R}{100}\right)^2\left(3 + \frac{R}{100}\right) = 10000 \times 0.01 \times 3.1 = ₹310\).

Check: CI = 13310 − 10000 = 3310, SI = 3000, difference 310.

Doubtly AI · 27 Oct 2026 AI-generated · not yet verified Report

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