Emily wants to buy a car. She has a choice between two different banks. One bank is offering a simple interest rate of 4.5% and the other bank is offering a rate of 4.5% compounded annually. Which is the better deal?

A.) a simple interest rate of 4.5%

B.) a compound interest rate of 4.5%

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?