Amy deposited $2500 into a savings account the value of the account after two years is given by the equation below.
V=2500(1+0.018)^4t
which of these statements about the growth rate of the savings account is true?
A) it is growing at an annual rate of 1.8% compounded quarterly
B) it is growing at an annual rate of 1.8% compounded yearly
C) it is growing in an annual rate of 7.2% quarterly
D) it is growing at an annual rate of 7.2% compounded yearly