Mathematics, 02.11.2020 19:00 thezbell
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 interest rate will yield a balance of $1100 after 3 years?
a 3.23%
c. 3.63%
b. 3.33%
d. 3.66%
Please select the best answer from the choices provided
Answers: 2
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If you deposit $1000 in a savings account with an interest rate of r compounded annually, then the b...
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