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Answer:
On her 60th birthday, she would have earned $83048.5.
Step-by-step explanation:
The formula to calculate the compound interest is:
--- (1)
where A is Principal and interest, r is the rate of interest and n is the number of years compounded.
For our problem,
P = 25000,
r = 0.05 and
n = 60 - 30 = 30
Substitute these values in (1), we get,
= 25000(4.32194)
= 108048.5
Compound Interest = Amount - Principal
= 108048.5 - 25000
= 83048.50
Hence, on her 60th birthday, she would have earned $83048.5.