If you have a choice to earn simple interest on $$10,000$ for three years at $8\%$ or annually compound interest at $7\mathrm{.}5\%$ for three years which one will pay more and by how much?

Compound interest by $$150\mathrm{.}00$

Correct Answer

Compound interest by $$22\mathrm{.}97$

Simple interest by $$50\mathrm{.}00$

Compound interest by $$150\mathrm{.}75$

None of the above.