2.1 Briefly explain the difference between simple interest and compounded interest. 2.2 Mr Mmusi wants to make an investment of R125 000 in one on the well-known banks in South Africa. He then approached two banks (Bank A and Bank B) which offered him different investment options. - Bank A: 11\% compounded annually for 5 years. - Bank B: 10\% compounded quarterly for 5 years. Calculate the return from each investment after 5 years and recommend to Mr Omar which bank should he invest in and why. Subtotal marks =10