big pts. no links pls help with explanation
AND BRAINLEST

James opens 2 different savings accounts and deposits $12,000 into each one.


Account I earns 2.2% interest compounded annually.

Account II earns 2.2% annual simple interest.

There are no additional deposits or withdrawals.

What is the sum of the total balances of these accounts at the end of 7 years?


Question 7 options:


$27,168.00



$27,696.00



$27,949.08



$27,822.53