Solve the problem. Round to the nearest cent.Jenny deposits $1,500.00 in an account paying a rate of 7%, compounding monthly. If she ignores the account for 25 years,a. How much will she have when she withdraws her money?b. How much will she earn in interest?
A. a. $8588.13, b. $7088.13
B. a. $3378.29, b. $1878.29
C. a. $3469.54 b. $1969.54
D. a. $2961.84, b. $1461.84
Answer: A
Mathematics
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