Andrea invested 3000 in an online cirrency. 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, 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. the amount in the investment after five years $___
The amount in the investment after five years can be found by plugging t = 5 into the equation A(t) = 3000(1.14)^t.
A(5) = 3000(1.14)^5
A(5) = 3000(1.925)
A(5) = 5775
Therefore, the amount in the investment after five years is $5,775.