You deposit $5,000 in your bank account. If the bank pays 4% simple interest, how much will you

accumulate in your account after 10 years? If the bank pays 4% compounded interest, which is

compounded annually, at the end of each year, how much will you accumulate in your account after 10

years?

A. $7,401.22 with simple interest and $7,000.00 with compounded interest

B. $7,000.00 with simple interest and $7,326.55 with compounded interest

C. $7,000.00 with simple interest and $7,401.22 with compounded interest

D. $5,200.00 with simple interest and $7,326.55 with compounded interest

E. None of the above