Devon wants to open a savings account with a deposit of $1,750 into each of two savings accounts. Devon will not make any additional deposits or withdrawals after he opens the account. His bank offers two different savings accounts.

Account I earns 2.75% annual simple interest.
Account II earns 2.75% interest compounded annually.
How much interest will Devon earn in Account I and Account II at the end of 2 years?

Move the correct answer to each box. Not all answers will be used.

The Account I will earn
in interest at the end of 2 years.

The Account II will earn
in interest at the end of 2 years.