RainzNotFazed RainzNotFazed

01-11-2022
Mathematics

Answered

If 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year,
Find the amount in the bank after 8 years if interest is compounded annually:
Find the amount in the bank after 8 years if interest is compounded quarterly:
Find the amount in the bank after 8 years if interest is compounded monthly:
Finally, find the amount in the bank after 8 years if interest is compounded continuously:

Answer :

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