Donna deposits $20,000 into an account that pays simple interest at a rate of 4% per year. Tony deposits $20,000 into an account that also pays 4% interest per year. But it is compounded annually. Find the interest Donna and Tony earn during each of the first three years. Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits. Interest Donna earns Interest Tony earns Year Who earns more interest? (Simple interest) (Interest compounded annually) O Donna earns more. First O Tony earns more. O They earn the same amount. O Donna earns more. Second O Tony earns more. O They earn the same amount. O Donna earns more. Third O Tony earns more. O They earn the same amount.

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