April and Seth each opened a bank account with $3050. They were both offered a 5.2% interest rate for a 4-year term. After 4 years, Seth’s account earned more money than April’s. What could explain the difference?

A.
April’s account earned simple interest; Seth’s account earned compound interest.

B.
April’s account earned compound interest; Seth’s account earned simple interest.

C.
April invested funds for a longer time period.

D.
April’s account had a higher interest rate.

Question

April and Seth each opened a  bank account with $3050. They were both offered a 5.2% interest rate for a 4-year term. After 4 years, Seth’s account earned more money than April’s. What could explain the difference?
 
 A.
April’s account earned simple interest; Seth’s account earned compound interest.
 
 B.
April’s account earned compound interest; Seth’s account earned simple interest.
 
 C.
April invested funds for a longer time period.
 
 D.
April’s account had a higher interest rate.