Mathematics, 02.12.2020 03:30 shywelch123

$2000 are invested in a bank account at an interest rate of 10 percent per year. Find the amount in the bank after 12 years if interest is compounded annually. Find the amount in the bank after 12 years if interest is compounded quaterly. Find the amount in the bank after 12 years if interest is compounded monthly. Finally, find the amount in the bank after 12 years if interest is compounded continuously.

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