If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three years which one will pay more and by how much?
A) Simple interest by $50.00
B) Compound interest by $22.97
C) Compound interest by $150.75
D) Compound interest by $150.00
E) None of these.

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The Answer of If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three years which one will pay more and by how much?
A) Simple interest by $50.00
B) Compound interest by $22.97
C) Compound interest by $150.75
D) Compound interest by $150.00
E) None of these.

If You Have a Choice to Earn Simple Interest on $10,000