Problem Solving

What amount, in dollars, invested for one year at a simple annual interest of \(2\) percent would earn the same amount of interest as \(\$10,000\) invested for one year at an annual interest rate of \(4\) percent compounded semiannually?

A. \(\$20,000\)
B. \(\$20,050\)
C. \(\$20,100\)
D. \(\$20,150\)
E. \(\$20,200\)

OA E