1 .Your savings account is currently worth $4,600. The account pays 2.7 percent interest compounded annually. How much will your account be worth 3 years from now?

A. $4,922.56

B. $4,968.21

C. $4,982.75

D. $4,998.22

E. Cannot be determined

2. Triple Town Bank pays 2.8 percent simple interest on its savings accounts every year. Doubleton Bank pays 3.5 percent interest, compounded annually on its savings accounts. Sixteen years ago, Jake invested $2,000 in each bank. What is the difference, if any, in his account balances today?

A. $96.00

B. $148.97

C. $190.48

D. $251.97

E. $571.97