Deepak deposited $9,000 to open a new savings account that earned 12 percent annual interest, compounded semi-annually. If there were no other transactions in the account, what the amount of money in Deepak account one year after the account was opened?	Choose the correct answer
A) $10,200	B) $10,092	C) $10,105	D) $9,405	E) $10,260
Approach #1:   12 percent annual interest compounded semi-annually --&gt; 6% in 6 moths.   For the first 6 moths interest was 6% of $9,000, so $540;   For the next 6 moths interest was 6% of $9,000,plus6% earned on previous interest of $540, so $540+$12=$552;   Total interest for one year was $540+$552  540+ 12= 
<gadget id="calculator">  540+ 12</gadget>
<output>552</output>
$552;   Total interest for one year was $540+$552=$1092, hence balance after one year was $9,000+ $1,092 540+ 552= 
<gadget id="calculator"> 540+ 552</gadget>
<output>1_092</output>
$1092, hence balance after one year was $9,000+ $1,092=$10,092.   Answer: $10,092.
<result>B</result>
Deepak deposited $9,000 to open a new savings account that earned 12 percent annual interest, compounded semi-annually. If there were no other transactions in the account, what the amount of money in Deepak account one year after the account was opened?