Mathematics

22 June, 17:45

Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 2.5% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $200?

A) $205.00

B) $205.01

C) $205.02

D) $205.03

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