Discover new perspectives and gain insights with IDNLearn.com's diverse answers. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.

seth put $500 in his savings account, which earns a earns a simple interest rate of 4%

A. use the simple interest equation ( I=Prt ) to find out how much interest seth earns after 6 years.
B. now find out how much interest seth wold earn if he were to earn 7% compound interest for 6 years

Someone help me out :)