Mathematics, 28.07.2021 04:20 sbush1412
If 4000 dollars is invested in a bank account at an interest rate of 5 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:
Answers: 3
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If 4000 dollars is invested in a bank account at an interest rate of 5 per cent per year,
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