Question

Mario invested $6,000 in an account that pays 5% annual interest compounded annually how much will be there after 2.5 years

Answer 1

Answer:

$48,000

Step-by-step explanation:

$i = \frac{p \times r \times t}{100 } \\ 6000 = \frac{p \times 5 \times 2.5}{100 } \\ 600000 = 12.5 \\ 48000$