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
2 answers
430.00
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
1000*3/100*1=30
1000*3/100*1=30
30/4=7.5
1000*3/100*1=30
30/365=0.082
1 answer