Find the balance in the account. $1,400 principal earning 6%, compounded semi-annually, after 10 years $2,507.19 $29,680.00 $2,528.56 $1,468,006,400.00

The balance in the account is $2528.56 after 10 years .

Step-by-step explanation:

Formula

Where P is the principle , r is the rate of interest in the decimal form and t is the time in years .

As given

$1,400 principal earning 6%, compounded semi-annually, after 10 years .

P = $1400

6% is written in the decimal form

= 0.06

r = 0.06

t = 10 years

Put all the values in the formula

Amount = 1400 × 1.80611

Amount = $2528.56

Therefore the balance in the account is $2528.56 after 10 years .

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