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Bank A was offering simple interest at 2.5% per year, which was clearly a better deal than the 2.5% compound interest rate at Bank B.

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Bank A was offering simple interest at 2.5% per year, which was clearly a better deal than the 2.5% compound interest rate at Bank B. Choose the correct answer below. O A. The statement does not make sense, because the simple interest pays the same amount as the compound interest at the same interest rate. B. The statement makes sense, because the simple interest pays more than the compound interest. OC. The statement does not make sense, because the compound interest pays more than the simple interest

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