Old Time Savings Bank pays 8.25% interest on its savings account. If you deposit $1,000 in the bank and leave it there: a. How much interest will you earn in the first year? b. How much interest will...

Old Time Savings Bank pays 8.25% interest on its savings account. If you deposit $1,000 in the bank and leave it there:

a.How much interest will you earn in the first year?

b.How much interest will you earn in the second year?