Your Answer is

Correct Answer is J

Explanation

Because the compound interest is calculated on a monthly basis, choose J.

"Tara invested $2000 at 6% interest compounded monthly". It can be understood that the annualized income of this investment is 6%, and the interest is paid monthly. Imagine the interest paid by Yu'e Bao on a daily basis: "annualized income 2.86%", and a little cash interest will be credited to the account every day.