Suppose you wish to invest $1,000. You are asked to choose between a four-year investment that pays 10% p.a.compound interest (compounded yearly) and a similar investment that pays 11.5% p.a. simple interest. Which investment will you choose?

1. The 10% compound interest investment
2. The 11.5% simple interest investment
3. They offer the same result.
4. There is not enough information to answer the question.