earns 5% annual interest. Find the balance

after 1 year if the interest is compounded

quarterly.

A. $2,100

B. $2,101.89

C. $2,102.32

D. $2,102.49

after 1 year if the interest is compounded

quarterly.

A. $2,100

B. $2,101.89

C. $2,102.32

D. $2,102.49