Suppose you put in $500 in a savings account today, another $400 in 1 years time. The interest rate on the savings account is 6%. How much money will you have in the savings account at the end of 2 years?

a) $954.00

b) $1484.00

c) $985.80

d) None of the above. Not enough information has been provided

e) 1298.76