Jim works overtime to save $500 per month for a pickup truck. the savings account jim uses earns him 5% interest, compounded monthly. in two years, jim will have blank1 in savings. he will have earned blank2 in interest on his savings.

options for blank1; a: 12,000, b: 12,353, c: 12,593
options of blank2; a: 353, b: 500, c: 593