1. Suppose you invest $1,000 in a savings account that pays 2% simple interest annually. When computing simple interest, 2% of the initial balance of $1,000 is added to the account every year. The amount of interest earned is the same each year. a Complete the following table of the interest earned each year and the total balance of the account at the end of the year. Number of Years (t) Interest for Current Total Balance (B) Year (in $) (Last year's balance + this year's interest) Initial Deposit N/A $1,000 b. How is the total balance changing from year to year? c. Write an equation to model this simple interest scenario, and then use your equation to determine the amount in the account after 30 years