Andrea invested $3,000 in an online currency. If the value of the currency increases at a rate of 14% per year

Question

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. How much will Andrea have after 4 years?  (2 points)

GPT-5 mini · Answer

A(4) = 3000(1.14)^4 = 3000(1.68896016) ≈ $5,066.88.

So Andrea will have about $5,066.88 after 4 years.

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. How much will Andrea have after 4 years? (2 points)

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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. How much will Andrea have after 4 years? (2 points)

All Answers 1

Submit Your Answer

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. How much will Andrea have after 4 years? (2 points)