How much interest will $2,400 earn at an annual rate of 8% in one year if the interest is compounded every 4 months?
A. $141
B. $150
C. $197
D. $234
E. $312
How much interest will $2,400 earn at an annual rate of 8% in one year if the interest is compounded every 4 months?
A. $141
B. $150
C. $197
D. $234
E. $312