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If 7000 dollars is invested in a bank account at an interest rate of 7...

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Basic Math

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If 7000 dollars is invested in a bank account at an interest rate of 7 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.

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