Two Years After Michelle Deposited $25 000 in a TD

Multiple Choice

Two years after Michelle deposited $25 000 in a TD Bank savings account that earned interest at 2.25% compounded monthly, the rate of interest was changed to 5.75% compounded semi-annually. How much was in the account fifteen years after the deposit was made?

A) $26149.59
B) $54641.30
C) $61201.27
D) $58510.72
E) $54629.87