Jeremiah opened a savings account with a one-time deposit of $500. His savings account will pay a 5% simple interest per year. His brother, Brian, opened another savings account with a one-time deposit of $200. Brian’s savings account will pay 3% compounded annually. Who would earn more interest, to the nearest dollar, in 2 years?
A.
Jeremiah will make $50 more than Brian.
B.
Brian will make $212 more than Jeremiah.
C.
Jeremiah will make $38 more than Brian.
D.
Brian will make $12.00 more than Jeremiah.