If you deposit $$$$1,000$ today into an account earning an annual rate of return of $10$percent$,$ in the third year how much interest would be$$ earned? How much of the total is simple interest and how much results from compounding of$$ interest?

Question content area bottom

Part $1$

If you deposit $$$$1,000$ today into an account earning an annual rate of return of $10\%,$ in the third year how much interest would be$$ earned?