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The National Bank of Wynona offers two types of savings account. The Top-Up-N-Saver account pays 2.5% annual compound interest, whereas the Super-Saver account pays 3%

The National Bank of Wynona offers two types of savings account. The Top-Up-N-Saver account pays 2.5% annual compound interest, whereas the Super-Saver account pays 3% annual simple interest. If we put in $1,000 now and leave the money in the bank account for 10 years, which account would pay the most interest (and how much more)?

Select one:

a. The Top-Up-N-Saver account would pay $19.92 more in interest.

b. The Top-Up-N-Saver account would pay $50 more in interest.

c. The Super-Saver account would pay $50 more in interest.

d. The Super-Saver account would pay $19.92 more in interest.

e. Both accounts would pay the same interest.

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