As an intelligent Industrial Engineer who understands Time Value of Money _ Future value for single amounts, you decided to save some of your pocket money : a) You deposit R1,000 in a savings account paying 8% simple interest compounded annually, how much will he have in the account at the end of one year? [5 Marks] b) You deposit R1,000 in a savings account paying 8% simple interest compounded annually, how much will he have in the account at the end of year 2? [5 Marks] c) You deposit R1,000 in a savings account paying 8% simple interest compounded annually, how much will he have in the account at the end of year 3? [5 Marks]