Melissa is comparing two investment options for her $3,000 savings. One is a simple interest account at a 3% annual rate, and the other is a compound interest account with the same rate, compounded annually. She made a table to compare the total amount after 5 years but noticed a mistake in one of the calculations. Identify the mistake in her table. Investment Type Interest Rate Compounding Frequency Total Amount after 5 Years Simple Interest 3% N/A $3,450 Compound Interest 3% Annually $3,478.54 Compound Interest Formula: A=P(1+(r)/(n))^nt Simple Interest Formula: A=P(1+rt)