1#Find the balance on a deposit of $15,600 that earns 10% compounded semiannually for 3 years.
A.$20,905
B.$4,680
C.$2,076
D.$3,636
2#Find the balance on a deposit of $1,500 that earns 9% interest compounded annually for 3 years.
A.$1,905
B.$1,942
C.$1,953
D.$405
3#Find the balance on a deposit of $900 that earns 8% simple interest for 3 months.
A.$918
B.$1,133
C.$216
D.$1,116
4#Explain the difference between simple interest and compound interest.