Question

man borrows Rs 1000 at 10% p.a simple interest for 3 years. He immediately lends this
money out at compound interest at the same rate for the same time. What is his gain at the end of 3 years?

Answer 1

$\huge{\boxed{\mathtt{\purple{Answer}}}}$

SI= 1000x10x3
----------------
100
= 300
A= 1000+300
1300
CI =
A= 1000(1+10)^3
---
100
1000X110X110X110
---- ----- -----
100 100 100
=1331