Question: How much interest is earned in the third year on a $1,500 deposit that earns 6.5% interest compounded annually? Select one: a. $97.50 b. $292.50

How much interest is earned in the third year on a $1,500 deposit that earns 6.5% interest compounded annually?

Select one:

a. $97.50

b. $292.50

c. $110.59

d. $140.00

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