4) Dan opened a savings account with a $500
deposit. His account pays 2% simple
interest annually. Eva also opened a savings
account with a $500 deposit. Her account
pays 2% interest compounded annually.
How much more interest will Eva's $500
deposit have earned after 3 years than
Dan's $500 deposit in the same amount of
time?
a. $0.60
b. $12.50
C. $30.00
d. $30.60