Your Godmother Established a $3,000 Bank Account for You When

Multiple Choice

Your Godmother established a $3,000 bank account for you when you were born.For the first 10 years the interest rate on the account was 10%.It has been 7.5% since then.You are now 25 years old and would like to withdraw the funds.How much money do you have?

A) $23,023.70
B) $18,295.02
C) $32,504.12
D) $25,828.32
E) $23,445.80