Question: please answer it manually, don't use table. Thank you - Alpha Bank pays interest of 4 percent compounded annually. Beta Bank pays 4 percent simple

please answer it manually, don't use table. Thank you

- Alpha Bank pays interest of 4 percent compounded annually. Beta Bank pays 4 percent simple interest. Which one of the following statements is true if you invest $1,000 in each bank for five years? 1) Alpha Bank will pay you a total of $200 in interest over the five years. 2) Beta Bank will pay you more interest over the five years than Alpha Bank will. 3) Alpha Bank will pay you a total of $216.65 in simple interest. 4) Alpha Bank will pay you $16.65 of interest on interest

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