you deposit 1500 in a bank account find the balance after 2 years if the account has an interest rate of 2 5 and is compounded monthly

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you deposit 1500 in a bank account find the balance after 2 years if the account has an interest rate of 2 5 and is compounded monthly

You deposit $1500 in a bank account. Find the balance after 2 years if the account has an interest rate of 2.5% and is compounded monthly.

Answer A. $1575.94

Answer B. $1576.82

Answer C. $1506.27

Answer D. $9375

 
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