37.0k views
0 votes
On the day of a child's birth, a parent deposits $30,000 in a trust fund that pays 3% interest, compounded continuously. Determine the balance in this account on the child's 24th birthday.

User Bluppfisk
by
6.3k points

1 Answer

3 votes

Answer:

3/100 × 30000 is the answer to your question.

User Eula
by
7.6k points