26.1k views
23 votes
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?

User Jollywatt
by
8.8k points

2 Answers

10 votes

Answer:

3.3%.

Explanation:

User JGCW
by
8.8k points
6 votes

Answer:

i think it should be B. good luck!

User AJM
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories