Mathematics, 25.09.2019 06:20 ella3714
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? . a. 3.23%. c. 3.63%. b. 3.33%. d. 3.66%.
Answers: 1
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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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