Unit Test
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If you deposit $2000 in a savings account with an interest rate of r co...
Mathematics, 16.04.2020 20:56, ricky67
Unit Test
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If you deposit $2000 in a savings account with an interest rate of r compounded annually
3 years is given by the function B(c) = 2000(1 + r) where r is written as a decimal.
What interest rate will yield a balance of $2300 after 3 years?
a 4.55%
c. 4.67%
b. 3.25%
d. 4.77%
Please select the best answer from the choices provided
Answers: 3
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