Ricky spends $103. 19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Ricky had been able to save this money for one year and then put it into a savings account earning 3.1% simple interest, how much money could he have in savings after two more years?
a $1,238.28
b. $1,276.67
c. $1,315.06
d. $2,476.56