Angelica is considering savings options. Bank 1, she can invest $500 compound interest for an annual rate of 2. 3%. At bank 2, she can invest $500 at a simple interest rate of 2%. How much more money would Angelica earn in 5 years with Bank 1 thank Bank 2.
(Hint: when finding compound interest you will have to take "A-total amount" then subtract your "P-principle" to get interest)
A $510. 21
B $60. 21
C $50. 00
D $10. 21
