Suppose the future value of P invested for n years at i p.a. compound interest is calculated. (n is an integer greater than 1) The future value of P invested for n years at i p.a. simple interest is also calculated.

Select one:

a. The accumulated value using compound interest is greater than the accumulated value using simple interest

b. The accumulated value using compound interest is less than the accumulated value using simple interest.

c. The accumulated value of using compound interest and simple interest will be the same given n is greater than 1.