A Department Store Credit Card Advertises No Payments for 2

Multiple Choice

A department store credit card advertises no payments for 2 years on purchases. What they do not advertise is that interest is compounded continuously for those two years at an annual rate of 19.7%. If you make a purchase of $550 and make no payments for 2 years, how much would you owe at the End of those 2 years?

A) $216.70
B) $815.60
C) $17,127.60
D) $766.70