143k views
4 votes
A savings account pays 2% interest compounded annually. If $1,200 is deposited initially and again at the first of each year, how much money will be in the account three years after the initial deposit?

$1,248.48
$2,472.48
$3,672.48
$3,745.93

2 Answers

1 vote

Answer:

D.) $3,745.93

Explanation:

Just did it on edge

User Davioooh
by
5.1k points
5 votes

Answer:

$3,745.93

Explanation:

i got it right on edge

User Daniel Stoyanoff
by
4.4k points