1- You have $1667 today and want to triple your money in 15 years. What interest rate must you earn if the interest is compounded annually? Use two decimals or your answer will be marked wrong.

2-Second Union Bank pays 6.7 percent simple interest on its savings account balances, whereas Third Street Bank pays the same percent compounded annually. If you made a $11,000 deposit in each bank, how much more money would you earn from your Third Street Bank account at the end of 6 years? Do not use $. Use two decimals or your answer will be marked wrong.