Answer
$A=1684.66$ dollars
Work Step by Step
We are given the formula $A=Pe^{rt}$ for solving interest problems (where A is the amount accrued, P is the principal amount invested, r is the rate of interest, and t is time in years).
In this case, we are measuring the amount accrued when 1450 dollars is invested over 5 years with a 3% interest rate.
$A=1450e^{.3(5)}=1450e^{.15}=1450\times1.1618=1684.66$ dollars
