False because it’s not correct it’s a false statement because (again)…
For this you use A=Pe^(rt)
A=furutre amount
P=present amount
e=natural base
r=rate in decimal
t=times in years
A=?
P=5000000
r=0.04
t=30
A=5,000,000e^(0.04*30)
A=5,000,000e^(1.2)
A=16600584.613683
Hello there!
Your answer is 114 feet
Hope I helped!
Let me know if you need anything else!
~ Zoe