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(1.15) 124
O 300(1.0125)
b 300(1.015)12