Question

1. a $1,595 deposit for 10 years at a simple interest rate of 8%

Explanation:

Step1: Recall simple interest formula

The formula for simple interest is $I = P \times r \times t$, where $I$ is the interest, $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the time in years. Also, the total amount $A$ (principal + interest) is $A=P + I=P(1 + rt)$.

Step2: Identify values

Given $P=\$1595$, $r = 8\%=0.08$, and $t = 10$ years.

Step3: Calculate interest

First, calculate the interest $I$:
$I=P\times r\times t=1595\times0.08\times10$
$1595\times0.08 = 127.6$
$127.6\times10=1276$

Step4: Calculate total amount (optional, if needed)

If we want the total amount, $A = P+I=1595 + 1276=2871$

Answer:

If finding the interest, the interest is $\$1276$. If finding the total amount, the total amount is $\$2871$. (Assuming the question is to find either interest or total amount, as the original question is cut off. If it's about finding interest, the answer is $\$1276$; if total amount, $\$2871$)