8. Kevin is going to open a savings account with $4000. Two different banks offer him two different options:
Bank A offers an account that will pay 6% simple interest for 6 years.
Bank B offers a special account for new customers that will pay 7% simple interest for 3
years. After the 3 years, Kevin would have to transfer all his earnings to a regular account
that will pay 5% simple interest on the new transferred principal.
Which offer will leave Kevin with more money after 6 years?