If you put $500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25 percent per annum in simple interest or 3.65 percent per year and compounds the interest...

If you put $500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25 percent per annum in simple interest or 3.65 percent per year and compounds the interest daily? Support your answer.

How much will $1,000 invested at 2 percent simple interest be worth in 10 years? What will it be worth if the interest rate is 3 percent?