Problem $5-1$ Simple Interest versus Compound Interest $[$LO$1]$

First City Bank pays $6$ percent simple interest on its savings account balances, $$ Second City Bank pays $6$ percent interest compounded annually. If you made a of $$69,000$ in each bank, how much more money would you earn from your Sec Bank account at the end of $10$ years? $($Do not round intermediate calculati round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Difference in accounts