Abraham will deposit $1,760 in an account that earns 6% simple interest every year. His brother, Mahammed, will deposit $1,700 in an account that earns 8% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Which statement about the balances of Abraham's account and Mahammed's account at the end of 2 years is true?
a. Abraham's account will have a higher balance because it earns a higher interest rate.
b. Mahammed's account will have a higher balance because it earns a higher interest rate.
c. Both accounts will have the same balance because they have the same initial deposit.
d. It is impossible to determine without knowing the exact interest calculations.