Scott Has $4800 That He Wants to Invest for 3

Multiple Choice

Scott has $4800 that he wants to invest for 3 years.He can invest this amount at his credit union and earn 4 per cent simple interest;or he can open an account at Trust Bank and earn 3.65 per cent interest,compounded annually.If he decides to invest at Trust Bank for 3 years,he will:

A) earn $15.02 more than if he had invested with his credit union
B) earn $30.98 less than if he had invested with his credit union
C) earn the same amount as if he had invested with the credit union
D) have a total balance of $4992 in his account after one year
E) have a total balance of $4876 in his account after one year