# Math

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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

• Math -

430.00

• Math -

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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