Ashley and Elise each deposited $1500 into separate accounts. Each account earned 4% interest over 8 years. At the end of 8 years, Elise had earned more than Ashley. Why?
A.
Elise earned compound interest, and Ashley earned simple interest.
B.
Elise earned simple interest, and Ashley earned compound interest.
C.
Elise had a different interest rate than Ashley.
D.
Elise invested for a different amount of time than Ashley.
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