Belstoe Masonry has arranged to borrow money to fund the building of a new office building for a client. The loan terms are fixed with one exception. Belstoe can choose to pay simple or compound interest on the loan. Which of the following options is true?

Simple interest is the better option for Belstoe

Compound interest is the better option for Belstoe

Neither option is better or worse

There is not enough information to answer the question