Notice that in the Simple Interest and the Compound Interest scenarios, both start with $10,000, and run for 30 years at 12% interest. Why, after 30 years, does one end up with $46,000 and the other with $299,599? What do you notice about the formulas in the cells? Please address this question mathematically

B C D E G H 1 Simple Interest and Compound Interest Compared 2 Present Value at Year 0 Interest Rate Years Simple Interest Formula to calculate Future Value $ 10,000 12% 30 $ 46,000 Future Value 3 4 5 6 7 8 - 10,000 * (1+(12%*30)) notice parentheses Present Value at Year 0 Interest Rate Years Compound Interest Formula to calculate Future Value 9 10 11 $ 10,000 12% 30 $ 299,599 Future Value 12 13 = 10,000 * ((1+12%)^30) notice parantheses and exponent 14 15