Answer:
c. $153.75
Explanation:
The computation of the accumulated amount at the end of 5 months is shown below:
The interest on $150 at 6% for 5 months is
= $150 × 6% × 5 months ÷ 12 months
= $3.75
Now the accumulated amount at the end of 5 months is
= Bank deposit + interest
= $150 + $3.75
= $153.75
Hence, the correct option is c. $153.75
