Beth inherited $13,000 and decided to invest the money at her bank. She has 2 options: Option 1 earning simple interest at 6% or

Option 2 earning compound interest at 5.5%.

Which investment option will yield more return over a 10-year period?

Option one will yield 7800 more.
Option one will yield 7800 more.

Option 2 will have 1405.88 more
Option 2 will have 1405.88 more

Both Option are the same