Question: What is the difference in interest earned from investing a single amount of $5,000 for five years at 5% simple interest, versus investing a single

What is the difference in interest earned from investing a single amount of $5,000 for five years at 5% simple interest, versus investing a single amount of $5,000 for five years at 5% compound interest?

  • A. $131.50
  • B. $879.32
  • C. $994.50
  • D. $1,220.17

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