A savings account at Bank A pays 5% simple interest. An account at Bank B pays 2% compound interest. The...

A savings account at Bank A pays 5% simple interest. An account at Bank B pays 2% compound interest. The table shows the balance in each account after an initial deposit of $1000.
Which describes the balances after a long period of time?
A. The balance in Bank B will be greater.
B. The balance in Bank A will be greater.
C. The balances will be the same.