Asked by Mike

you deposit $1000 at 3% per year.what is the balance at the end of one year,and what is the annual yield,if the interest.Please help solve the problem.

Simple interest?

Compounded annually?

Compounded quarterly

Compounded daily
Answered by fred
430.00
Answered by a
1000*3/100*1=30
1000*3/100*1=30
1000*3/100*1=30
30/4=7.5
1000*3/100*1=30
30/365=0.082
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