Part B: Problems and Calculations 1. Albert deposits $2000 in a bank fixed deposit for 6 months at a simple interest rate for 13.25 percent per annum, How much interest will he earn? (Simple interest) 2. If Albert reinvests the $2000, plus the interest eamed (refer to problem 1), for a further 6 months, again at 13.25 percent per annum, how much interest will he earn in this second 6 months period. (Simple interest)