Answer:
$1440
Step-by-step explanation:
The amount (A) in the account is ...
A = P(1 +rt)
where P is the principal invested, r is the interest rate, and t is the number of years. Filling in the given values, we find ...
A = $1200(1 +0.10·2) = $1440
The balance at the end of 2 years is $1440.
