Rudolfo wants to save his allowance in his own bank account. Given that his principal amount ₱20 000 with 1.5% monthly interest rate. How much will Rudolfo receive on the second month of his investment? *
A. ₱20,300.00
B. ₱20,500.00
C. ₱20,600.00
D. ₱20,800.00.