Answer:
2
Step-by-step explanation:
A = P( 1+r/n) ^ (nt)
P is the amount invested
r is the rate
n is the number of times per year the interest is compounded
t is the number of years
every 6 months is twice a year
so n is 2
P = 24455 (1.03)x
30,000/24455 (1.03) < x
The year must be > 1.19 + 2007, or 2008.19, which means in 2009, or in 2008 + 3 months
We would need to know how many students are in the class to properly answer the question.