Pls if you can 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

It would be $3,745.93.

Step-by-step explanation:

Given,

$ 1200 is deposited first year that earns 2 % interest compounded annually,

⇒ The amount of first deposit after 3 years would be,

Now, $ 1200 is deposited second year that earns 2 % interest compounded annually,

⇒ The amount of second deposit after 2 years would be,

Also, Again $ 1200 is deposited third year that also earns 2 % interest compounded annually,

⇒ The amount of third deposit after 1 year would be,

Hence, the total money in the account after three years,

Last option is correct.

the answer is d. 75%