Mathematics, 28.09.2020 14:01, richaeviney
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?
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