"Scuba Steve has $4,800 that he wants to invest for 4 years. He can invest this amount at his credit union and earn 4 percent simple interest. Or, he can open an account at Compass Bank and earn 3.65 percent interest, compounded annually. If he decides to invest at Copmpass Bank for 4 years, he will: " earn $15.02 more than if he had invested with his credit union earn $27.89 less than if he had invested with his credit union. earn the same amount as if he had invested with the credit union. "have a total balance of $4,992 in his account after one year." "have a total balance of $4,876 in his account after one year."