Emma notices that since her credit card balance compounds monthly, she is charged more than 15% of her initial loan amount in interest each year. She wants to know how much she would pay if the card were compounded annually at a

rate of 15%. Which expression could Emma use to evaluate her balance with an annual compounding interest rate?

O 300(1.15)

O 300(1.015)12t

O 300(1.0125)

O 300(1.15)12t