Dave won a photography contest and received a $1225 cash prize. Will he earn more interest in 1 year if he invests his winnings in a simple interest account that pays 6% or in an account that pays 5.75% interest compounded monthly? How much more interest will he earn? Click the icon to view some finance formulas. In which account will he earn more interest? (Round to the nearest dollar as needed.) OA. He will earn $ OB. He will earn S more interest in the simple interest account than in the compound interest account. more interest in the compound interest account than in the simple interest account.

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