1#Find the balance on a deposit of $15,600 that earns 10% compounded semiannually for 3 years.

A.$20,905

B.$4,680

C.$2,076

D.$3,636

2#Find the balance on a deposit of $1,500 that earns 9% interest compounded annually for 3 years.

A.$1,905

B.$1,942

C.$1,953

D.$405

3#Find the balance on a deposit of $900 that earns 8% simple interest for 3 months.

A.$918

B.$1,133

C.$216

D.$1,116

4#Explain the difference between simple interest and compound interest.