We can note that the last expression
[tex]500(1+0.0325)^t[/tex]
comes from the compound interest formula,
[tex]A=P(1+\frac{r}{n})^{n\cdot t}[/tex]
Where A is the future value, P is the initial amount, r is the rate, n the amount of times the interest is compounded per time period and t denotes the years. In our case, P=500, r=0.0325, n=1. Therefore, the given expression will give us the future amount of money after t years. Then, the answer is the second option from top top to bottom
