+21 stuck on this problem: you are given a choice of taken the simple interest on $100,000 invested for 3 years at the rate of 4% or the interest on $100,000 invested for 3 years at the interest rate of 4% compounded monthly. Which investment earns greater amount of interest. Give the difference between the amounts of interest earned by the two investments. The investment with -------interest earn $--------- more in interest.
