Assume That $1,300 Is Deposited in an Account in Which

Multiple Choice

Assume that $1,300 is deposited in an account in which interest is compounded annually at a rate of 6%.Find the accumulated amount after 2 years.Round your answer to the nearest cent.

A) $1,960.71
B) $1,360.68
C) $1,460.68
D) $1,710.70
E) $1,561.08