Suppose You Consider Investing $10,000 in a Load Fund from Which

Suppose you consider investing $10,000 in a load fund from which a fee of 3% is deducted and you expect the fund to earn 12% over the next year. Alternatively, you could invest in a no load fund which is expected to earn 10% and which takes a 0% redemption fee. Which is better and by how much?

A) Load fund by $151
B) No load fund by $136
C) Funds are equal
D) No load fund by $421
E) Load fund by $115