If you deposit $1000 in a savings account with an interest rate of r compounded annually, then the balance in the account after 3 years is given by the function B(c) = 1000(1 + r)3, where r is written as a decimal. What interest rate will yield a balance of $1100 after 3 years?
a.
3.23%
c.
3.63%
b.
3.33%
d.
3.66%