9
Melissa has $500.00 to invest for 5 years. She can choose either simple interest at 6.4% interest, or compound interest at 12.8% interest, compounded annually.

Which is the better investment?
A.
A compound interest investment would be better, because Melissa would earn $413.09 in compound interest.

B.
A simple interest investment would be better, because Melissa would earn $413.09 in simple interest.

C.
A simple interest investment would be better, because Melissa would earn $160.00 in simple interest.

D.
A compound interest investment would be better, because Melissa would earn $160.00 in compound interest