Answer:
$2384.87
Step-by-step explanation:
Given data
P=2300
t= 2 years
r= 1.23%
Required
The amount in their account
Let us apply the simple interest formula
A=P(1+rt)
Substitute
A= 2300(1+0.0123*3)
A= 2300(1+0.0369)
A= 2300*1.0369
A=$2384.87
Hence the amount in the account is $2384.87
