Colin recieved a bonus check for $2,500. he is going to deposit the money into his bank account that receives 5.5% simple interest. what is collin's account balance after one year

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?