First City Bank pays $7\mathrm{.}5$ percent simple interest on its savings account balances, whereas Second city Bank pays $7\mathrm{.}5$ percent interest compounded annually.

If you made a deposit of $$8,600$ in each bank, how much more money would you earn from your Secona City Bank account at the end of eight years? $($Do not round answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$