Principal amount is $1510, so P = 1,510 dollars.
Compounding period is daily, so N = 365.
Interest rate is 12%, so r = 0.12
Time of investment is 3 years, so t = 3 years.
We can use compound interest formula as given below :-
Amount = [tex]P*(1+\frac{r}{N} )^{(N*t)}[/tex]
[tex]Amount=1510*(1+\frac{0.12}{365} )^{(365*3)} \\\\
Amount=1510*(1+0.000328767 )^{(1095)} \\\\
Amount=1510*(1.000328767 )^{(1095)} \\\\
Amount=1510*(1.433244609) \\\\
Amount=2164.199359 \approx 2164.20 \;dollars[/tex]
Hence, total amount in account would be 2,164.20 dollars.
