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Business, 01.01.2020 14:31 starsinopoli13

If you deposit $2000 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) = 2000(1 + r)3, 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% .

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If you deposit $2000 in a savings account with an interest rate of r compounded annually, then the b...
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