Problem: You made a deposit of $1,000 into your bank account on January 1. On December 31, you receive a statement from your bank that shows an interest amount of $10 based on an interest rate of 0.25% per quarter. This means that the interest on your bank account is ____ interest. Question Answer a. Compound a. Compound b. Complex b. Complex c. Reinvested c. Reinvested d. Simple d. Simple e. Annual