BANKING Royce deposits $1200 into a savings account that has an annual simple interest rate of 1.1%. After one year, he deposits another
$1200 into the account.
How much interest will Royce have earned at the end of the first year? $
How much total interest will Royce have earned at the end of the second year?
What is total amount in Royce's account at the end of the second year? !