Please show the process of your work and add an explanation please, that would help tremendously!

7. Assume 5000 dollars is invested in an account that has an interest rate of 8 percent each year. (a) (5 points) Find the amount in the account after 12 years if interest is compounded 4 times per year.(b) (5 points) Find the amount in the account after 12 years if interest is compounded continuously