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), where r is written as a decimal.
What is the formula for the interest rate, r; required to achieve a balance of B in the account after 3 years?
a.
C.
1+
-1+
10
-10
b.
d.
10
WB
10
-1+
-14
Please select the best answer from the choices provided
OA
Ο Β
C
D