If $ 5,000 is invested in an account that earns 16% 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?	Choose the correct option
A) $ 4 B) $ 8 C) $ 12 D) $ 16 E) $ 432
Solution   Amount (CI) = P+(1+r/n)^nt = 5000+(1+0.16/2)^2= 5416   Amount (SI) = P+PTR/100 = 5000+(5000*1*16/100)=5400   $ 16ifference = 5416-5400= 
<gadget id="calculator">5416-5400</gadget>
<output>16</output>
16 $   $ 16
<result>D</result>
If $ 5,000 is invested in an account that earns 16% 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?