Nicole deposits $70,000 into an account that pays simple interest at a rate of 4% per year. =. Chris deposits $70,000 into an account that also pays 4% interest per year. But it is compounded annually. :- zen Shot Find the interest Nicole and Chris earn during each of the first three years. amaso AM Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits. Interest Nicole earns Interest Chris earns . Who earns more Interest? (Simple interest) (Interest compounded annually) " Nicole earns more. First $E| $D Chris earns more. ' They earn the same amount. Nicole earns more. Second 3]] $D ' ' Chris earns more. They earn the same amount. 'opic 6 MA Nicole earns more. resource Third 3|] $D ' Chris earns more. L. / They earn the same amount. E (