Question: Compare the interest earned by $ 1 5 , 0 0 0 for four years at 9 % simple interest with interest earned by the

Compare the interest earned by $15,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annualy. Why does a diflerence occur?
Cick the icon to view the interest and annuity tatie for disorete compounding when i=9% per year.
The simple interest eamed is 5(Round to the nearest dollar.)
Compare the interest earned by $ 1 5 , 0 0 0 for

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