Sixty Years Ago, Your Grandparents Opened Two Savings Accounts and Deposited

Multiple Choice

Sixty years ago, your grandparents opened two savings accounts and deposited $250 in each account.The first account was with City Bank at 3.6 percent, compounded annually.The second account was with Country Bank at 3.65 percent, compounded annually.Which one of the following statements is true concerning these accounts? (Do not round intermediate calculations.)

A) The City Bank account is currently worth $2,076.42.
B) The City Bank account has paid $48.19 more in interest than the Country Bank account.
C) The Country Bank account is currently worth $2,170.32.
D) The Country Bank account has paid $72.24 more in interest than the City Bank account.
E) The Country Bank account has paid $61.30 more in interest than the City Bank account.