Ben Invested $7,500 Twenty Years Ago with an Insurance Company

Multiple Choice

Ben invested $7,500 twenty years ago with an insurance company that has paid him 6 percent simple interest on his funds.Charles invested $7,500 twenty years ago in a fund that has paid him 6 percent interest, compounded annually.How much more interest has Charles earned than Ben over the past 20 years?

A) $0
B) $6,827.04
C) $7,553.52
D) $7,109.16
E) $8,266.49