Question $2$

$0\mathrm{.}5pts$

$2.$ Suppose you save $$100$ in the bank. You would earn an interest of $$5$ after the $1^{st}$ year. If your bank provides you with the compound interest, what is the amount of interest you would earn after $3$ years?

More than $$15.$

Equal to $$15.$

Less than $$15.$

Cannot be determined unless the interest rate is told.