Answer: Option 'B' is correct.
Step-by-step explanation:
Since we have given that
Amount Josh earn each summer = $2700
Rate of simple interest = 4.5%
According to question, he deposits the same amount each year.
First summer, he deposited = $2700
In Second summer, he deposited = $2700×2= $5400
In Third summer, he deposited = $2700 × 3=$8100
At the end of his third summer, his money becomes,
As we know the formula for "Amount" that it becomes at the end of his third summer:
Hence, Option 'B' is correct.