A company deposits \(\$100,000\) in Bank \(A\) at \(9\) percent annual interest, and \(3\) months later it discovers tha

A company deposits \(\$100,000\) in Bank \(A\) at \(9\) percent annual interest, and \(3\) months later it discovers that Bank \(B\) had offered \(10\) percent annual interest over the same three-month period. How much more interest would the company have earned had it deposited the money in Bank \(B\) rather than Bank \(A?\)

A. \(\$100\)

B. \(\$250\)

C. \(\$350\)

D. \(\$1,000\)

E. \(\$1,250\)

Answer: B

Source: Princeton Review