Question

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?

Answer 1

3.3%.

Explanation:

Answer 2

i think it should be B. good luck!