If an investor puts $700 in a savings account that earns 10 percent annual interest compounded semiannually, how much money will be in the account after one year?	Options:
A) $ 769.75
B) $ 771.75
C) $ 773.75
D) $ 775.75
E) $ 777.75

Rationale: "1.05 * 1.05 * 700 = $ 771.75 the answer is b ."
Answer: B