When Gerardo was born, his grandparents started a savings account for him with a beginning balance of 1,250 Peruvian Sols. Every month they deposited 160 Sols into the account. The savings account paid an annual interest rate of 5%. What is the total amount in the account after 2 years? A) 2,570 Sols B) 2,730 Sols C) 2,840 Sols D) 2,950 Sols