Respuesta :

Answer:

$2316.83

Step-by-step explanation:

1200 x 1.068^10

2316.83

abidemiokin

He will have $2,316.82 in his account after 10 years

The formula for calculating compound interest is expressed as:

A = P(1+r)^t

  • P is the principal = 1200
  • r is the rate  = 6.8% = 0.068
  • t is the time = 10 years

Substitute the parameters into the formula to have:

A = 1200(1+0.068)^10

A=1200(1.068)^10

A = 1200 (1.9307)

A = 2,316.82

Hence he will have $2,316.82 in his account after 10 years

Learn more on compound interest here: https://brainly.com/question/24924853

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