If 3000 dollars is invested in a bank account at an interest rate of 8 per cent per year, find the amount in the bank after 7 years if interest is compounded annually
Find the amount in the bank after 7 years if interest is compounded quaterly
Find the amount in the bank after 7 years if interest is compounded monthly
Finally, find the amount in the bank after 7 years if interest is compounded continuously