Mario invested $6,000 in an account that pays 5% annual interest compounded annually. using the formula a = p(1 + r)t, what is the approximate value of the account after 2.5 years?

a) $6,075
b) $6,118
c) $6,456
d) $6,778

P- 6000
r-5%—>0.05
t-2.5
Plug into the equation.
A=6000(1+0.05/1)^2.5*1
A=$6,778.36
or simply $6,778
Hope this helps. also the t needs to be placed an exponent so as not to confuse yourself. Have a great day!

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