Answer:
$203.02
Step-by-step explanation:
Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:
Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):
April's balance would be $203.02 after one year.
