Andrea invested $3,000 in an online currency. If the value of the currency increases at a rate of 14% per year, the situation can be modeled using the equation A(t)=3,000(1.14)t , where A is the amount in the investment after t years. In 3–5 sentences, identify the key features of the graph and interpret the meaning of the data.(2 points)

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
11 months ago

The key features of the graph are the exponential growth pattern represented by the equation A(t)=3,000(1.14)t.

The initial investment amount is $3,000, which is represented by the vertical intercept of the graph.

The rate of increase is 14% per year, and this is represented by the exponential growth factor (1.14) in the equation.

The graph represents the amount in the investment (A) after t years.

Interpreting the data, we can see that the investment amount grows exponentially over time. For each year that passes, the value of the investment increases by 14%. This means that the investment has the potential to grow significantly over time.