You Could Borrow $2,000 Today from Bank a and Repay

Multiple Choice

You could borrow $2,000 today from Bank A and repay the loan,with interest,by paying Bank A $2,154 one year from today.Or,you could borrow X dollars today from Bank B and repay the loan,with interest,by paying Bank B $2,477.10 one year from today.In order for the same interest rate to apply to the two loans,X =

A) $2,300.00.
B) $2,450.00.
C) $2,500.00.
D) $2,525.50.