Posted by **tony** on Wednesday, July 13, 2011 at 8:33pm.

If 3000 dollars is invested in a bank account at an interest rate of 6 per cent 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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