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Third City Bank pays 12.34% with simple interest on its savings accounts, while Fourth Cty Bank pays 12.34% but with compound interest paid quarterly (both

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Third City Bank pays 12.34% with simple interest on its savings accounts, while Fourth Cty Bank pays 12.34% but with compound interest paid quarterly (both rates are APRI If you made a deposit of $21,000 into Third City Bank, and a deposit of $40,000 into Fourth Cty Bank, and were invested for fifteen years. Which of the following is correct about the amount of interest earned? Multiple Choice You would have $168.750 59 more in interest for your Four City Bank account You would have $250.348 25 more in interest for your Fourth City Blank account. you would have $149.750.59 more interest for your Fourth City Bank account You would have $75059 more in interest to your fourn Cay Bank account 22 Next 2

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