A man borrowed a certain sum of money at 10% simple interest for 3 years. After 3 years, he cleared his debt by paying Rs.15600. If he had borrowed the sum of money on a compound interest of 10% per annum, after 3 years, he would have to pay:
1
Rs. 372 more
2
Rs. 414.80 more
3
Rs. 457.10 more
4
Rs. 361.2 more
5
None of these