First City Bank pays 8 percent simple interest on its savings account bal. Second City Bank pays 8 percent interest compounded annually. If you of $71,000 in each bank, how much more money would you earn from yc Bank account at the end of 8 years? (Do not round intermediate calculat your answer to 2 decimal places, e.g., 32.16.) Is 8 percent simple interest on its savings account balances, whereas pays 8 percent interest compounded annually. If you made a deposit bank, how much more money would you earn from your Second City e end of 8 years? (Da not round intermediate calculations and round decimal places, e.g., 32.16.)