Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the formula A= P(1+ nt, what is the approximate value of the account after 2.5 years? $6,075 $6,118 $6,456 $6,778

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
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Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the formula A = P(1+
n, what is the approximate value of the account after 2.5 years?
EEEE
$6,075
$6,118
$6,456
$6,778
Transcribed Image Text:Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the formula A = P(1+ n, what is the approximate value of the account after 2.5 years? EEEE $6,075 $6,118 $6,456 $6,778
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