If $17,000 Is Invested in a Savings Account Yielding 3

Multiple Choice

If $17,000 is invested in a savings account yielding 3% per year, compounded semiannually, how fast is the balance growing after 3 years Round your answer to the nearest cent.

A) $691.89 per year
B) $387.46 per year
C) $774.92 per year
D) $996.33 per year
E) $553.52 per year