1 A bank pays interest of 5.5% per year. If $10,000 is placed in a savings account and the interest is leftin the account, how much more money is in the account after 10 years if the interest is compoundedcontinuously rather than monthly?Hint: The answer is the difference between two future values.

2 Tina invested a total of $8000 in two accounts. One account pays 4% annual simple interest; theother pays 4.5% annual simple interest. At the end of two years, Tina earned a total of $675 ininterest. How much money did Tina invest in each account?