Stanley deposits $1,000 into a savings account that pays 1% interest. At the end of the first year, he's earned $10
in interest and there is $1,010 in the account. If the account has simple interest, the 1%
interest for year two
would be based off
. If the account has compounding interest, the 1% interest
for year two would
be based off
(NOTE: The first choice goes in the first blank, the second
choice goes in the
second blank)