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)=3000(1.14)t

Question

A
(
t
)
=
3000
(
1.14
)
t
, where A is the amount in the investment after t years. What is the amount in the investment after five years? Round your answer to the nearest cent. (1 point)
The amount in the investment after five years is $

Answer 1

5,698.75.