Find the balance in the account.

$2,400 principal earning 2%, compounded annually, after 7 years

$307,200.00

$2,736.00

$2,756.85

$17,136.00

This can be solved using the formula for interest, which is the following:

Let:

F = Future value

P = Principal value

i = interest rate

n = interest period (n = 7)

F = P (1 + i) ^n

Using the given values:

F = 2400 (1 + 0.02) ^7

F = 2756.8456

Therefore, the balance in the account would be $2756.85