Question

If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 10 years if interest is compounded annually (a)
b) Find the amount in the bank after 10 years if interest is compounded quaterly

c) Find the amount in the bank after 10 years if interest is compounded monthly

d) Finally, find the amount in the bank after 10 years if interest is compounded continuously