Question: please answer asap. with proper formula and solution Thank you 4. Kyle has to decide if he should deposit his P5 000 in a savings

please answer asap. with proper formula and solution Thank you

4. Kyle has to decide if he should deposit his P5 000 in a savings account at a simple interest of 5% for 5 years or invest it in his friend's business which can potentially earn an interest of 5% compounded monthly for 5 years. What should be his decision? (Solve option 1 for simple interest and option 2 for compound interest)

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