If $ 5,000 is invested in an account that earns 6% 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? Pick one
A) $ 6 B) $ 8 C) $ 12 D) $ 16 E) $ 432
$ 6NS $ 6   Solution   $ 6mount (CI) = P+(1+r/n)^nt = 5000+(1+0.06/2)^2= 5406   $ 6mount (SI) = P+PTR/100 = 5000+(5000*1*8/100)= 
<gadget id="calculator">5000+(5000*1*8/100)</gadget>
<output>5_400</output>
5400   Difference= 5406-5400= 
<gadget id="calculator">5406-5400</gadget>
<output>6</output>
6 $   $ 6
<result>A</result>
If $ 5,000 is invested in an account that earns 6% 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?