A bank gives their customers the following choice of interest rates: 1. Simple interest of 4.10% per year or 2. Interest of 4.00% compounded daily. If a person has $10,000 to invest, which is the better choice and why? Simple interest because the person will receive $1.92 more in interest. Simple interest because the person will receive $10.00 more in interest. Compound interest because the person will receive $8.08 more in interest. O Compound interest because daily compounding is always better than simple interest. A bank gives their customers the following choice of interest rates: 1. Simple interest of 4.10% per year or 2. Interest of 4.00% compounded daily. If a person has $10,000 to invest, which is the better choice and why? Simple interest because the person will receive $1.92 more in interest. Simple interest because the person will receive $10.00 more in interest. Compound interest because the person will receive $8.08 more in interest. O Compound interest because daily compounding is always better than simple interest