1. Four years ago, ZXY deposited $2,820 in an account that has earned and will earn 15.00 percent per year in compound interest. If CBA deposits $3,810 in an account today that earns simple interest, then how much simple interest per year must CBA earn to have the same amount of money in 8 years from today as ZXY will have in 8 years from today? Answer as an annual rate.

   		19.05% (plus or minus .05 percentage points)
   		15.80% (plus or minus .05 percentage points)
   		37.00% (plus or minus .05 percentage points)
   		40.25% (plus or minus .05 percentage points)
   		None of the above is within .05 percentage points of the correct answer