I invest $100 at an interest rate of 2% per month. How much money will I have in the account (assuming I don't take any money out) after 5 months? Use the formula A(t)=P(1+r)^t. Write your answer in dollars and cents.

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?

6/9 i need more characters in my answer