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12irst City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you

12irst City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a $60,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years?

Group of answer choices

$36,000

$96,000

$107,450.86

$11,450.86

$3,600

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