Leslie and Mackoy both opened a savings account with a starting balance of Php20,000 on the first day of January. Leslie’s bank is paying her a simple interest of 7% Mackoy’s bank is paying him an...

Leslie and Mackoy both opened a savings account with a starting balance of Php20,000 on the first day of January. Leslie’s bank is paying her a simple interest of 7% Mackoy’s bank is paying him an interest of 7% compounded annually. Who has a bigger balance at the end of 5 years?