If 7000 dollars is invested in a bank account at an interest

Last updated: 7/12/2022

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 5 years if interest is compounded annually: Find the amount in the bank after 5 years if interest is compounded quarterly: Find the amount in the bank after 5 years if interest is compounded monthly. Finally, find the amount in the bank after 5 years if interest is compounded continuously.