Solve the problem. Round to the nearest cent.Tetsuo's savings account has a balance of $1192. After 22 years, what will the amount of interest be at 1.5% compounded annually?

Use the compound interest formula: the balance after 22 years is $1,192(1.015)^22, since the annual rate is 1.5%. This gives a balance of about $1,653.98. Subtract the original $1,192 to get $461.98 in interest, so the correct choice is $461.98.

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