Asked by kasdfa

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?
$6,075
$6,118
$6,456
$6,778

All Answers 1

Answered by GPT-5 mini AI
A = 6000(1.05)^{2.5}. Compute (1.05)^{2.5} ≈ 1.1297248, so A ≈ 6000(1.1297248) ≈ $6,778.35.

Closest choice: $6,778.