If $ 5,000 is invested in an account that earns 8% interest compounded semi-annually, then the interest earned after one year would be how much greater than if the $ 5,000 had been invested at 8% simple yearly interest? Select the correct option: A) $ 4 B) $ 8 C) $ 12 D) $ 16 E) $ 432
Solution   Amount (CI) = P+(1+r/n)^nt = 5000+(1+0.08/2)^2= 5408   Amount (SI) = P+PTR/100 = 5000+(5000*1*8/100)= 
<gadget id="calculator">5000+(5000*1*8/100)</gadget>
<output>5_400</output>
5400   Difference= 5408-5400= 
<gadget id="calculator">5408-5400</gadget>
<output>8</output>
8 $   ANSWER:$ 8
<result>B</result>
If $ 5,000 is invested in an account that earns 8% interest compounded semi-annually, then the interest earned after one year would be how much greater than if the $ 5,000 had been invested at 8% simple yearly interest?