Question: Please help me. It is a question that will come in an exam. Billy's mother put $100 into a bank account for him when he

Please help me. It is a question that will come in an exam.

Billy's mother put $100 into a bank account for him when he was born. The account gained interest at a rate of 3% per year. compounded monthly. Assuming no more money was deposited and none was withdrawn, how much money will be in the account when Billy turns 18? A) $170.24 B) $171.49 C) $8561.76 D) $20,718.34

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