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

Multiple Choice

Sixty years ago,your grandparents opened two savings accounts and deposited $200 in each account.The first account was with City Bank at 3 percent,compounded annually.The second account was with Country Bank at 3.5 percent,compounded annually.Which one of the following statements is true concerning these accounts?

A) The City Bank account is currently worth $1,201.54.
B) The City Bank account has earned $211.19 more in interest than the Country Bank account.
C) The Country Bank account is currently worth $1,526.08.
D) The Country Bank account has paid $367.48 more in interest than the City Bank account.
E) The Country Bank account has paid $397.30 more in interest than the City Bank account.