Question

I need help on this one problem, honestly I've tried this question like 4 times and was all wrong so I don't know. I will send a pic

Answer 1

Let's use the formula provided:

$\begin{gathered} A=P(1+r)^t \\ \text{Where:} \\ P=3000 \\ r=0.05 \\ t=4 \\ A=3000(1+0.05)^4 \\ A=3000(1.05)^4 \\ A=3646.51857 \end{gathered}$