If $ 5,000 is invested in an account that earns 10% 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) $ 10
Solution   Amount (CI) = P+(1+r/n)^nt = 5000+(1+0.10/2)^2= 5410   Amount (SI) = P+PTR/100 = 5000+(5000*1*10/100)=5400   Difference = 5410-5400= 
<gadget id="calculator">5410-5400</gadget>
<output>10</output>
10 $   $ 10
<result>E</result>
If $ 5,000 is invested in an account that earns 10% 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?