Answer
\$$4915.85$
Work Step by Step
Solve using the formula $A=P(1+\frac{r}{n})^{nt}$ as instructed.
Identify values from the problem:
$P=3000$
$r=0.1$
$n=4$
$t=5$.
Substitute values into the formula:
$A=3000(1+\frac{0.1}{4})^{20}≈4915.85$.