Not sure how to do this?
Corey deposited $1,500 in a savings account that earns simple interest
at 5.75%. What is the balance in his account at the beginning of the
third quarter?

Question

Not sure how to do this?
Corey deposited $1,500 in a savings account that earns simple interest
    at 5.75%. What is the balance in his account at the beginning of the
    third quarter?

vocaloid · Answer

Medals 0
simple interest means that at the end of each quarter, he earns 5.75% of 1500

at the beginning of the third quarter, two quarters have passed, so...

total amount of money = 1500 + (0.0575)*(1500)*2

anonymous · Answer

$3,172.50?  I'm still doing something wrong, because the answer isn't in the list:

    a. $1,556.78
    b. $1,528.13
    c. $1,543.13
    d. $1,612.50