Karl is comparing the interest rates for accounts at two different banks. He will deposit $600 into an account and will not make any additional deposits or withdrawals.
· Bank Q offers 1% interest compounded annually.
• Bank R offers 1.5% simple interest.
Which statement about these accounts at the end of 2 years is true?
A
The account at Bank Q will earn about $6 more in interest than the account at Bank R.
The account at Bank R will earn about $18 more in interest than the account at Bank Q.
The account at Bank R will have a greater balance than the account at Bank Q.
D
The account at Bank Q will have a greater balance than the account at Bank R.

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