Your best submission for ea 1. [-/1 Points) DETAILS MY NOTES ASK We invest $3000 in an account that pays simple interest of 4% each year. How much interest is earned after 10 years? Recall that the simple interest formula does not use Excel. The simple interest formula calculates interest only The interest earned after 10 years is $ Show My Work (optional 2. (-/2.4 Points) DETAILS MY NOTES ASK YOU Suppose you invest $2000 in a savings account that pays an APR of 6%. If the account pays simple interest, what is the balance in the accoun to the nearest cent.) Recall that the simple interest formula does not use Excel. The simple interest formula calculates interest only. This question requests the acc earned