Olivia deposit 1,530 in an account that earns 6% simple interest every year. Her sister Melinda will deposit 1,500 in an amount that earns 8% 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 The deposits will be made on the same day , and no additional money will be deposited or withdrawn from the accounts.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 Olivia's account and Melinda's account at the end of 3 years is true?
