Bill invested $7,500 twenty years ago with an insurance company that has paid him 6% simple interest on his funds. Chuck invested $7,500 twenty years ago in a fund that has paid him 6% interes, compounded annually. How much more interest has chuck earned than bill the past 20 years?

20 Bill invested $7,500 twenty years ago with an insurance company that has paid him 6% simple interest on his funds. Chuck invested $7,500 twenty years ago in a fund that has paid him 6% interest, compounded annually. How much more interest has Chuck earned than Bill the past 20 years? (Chap 4) $0 827 04 (B $6,827.04 $7,553.52 D. $7,109.16 E. $8,266.49