Mathematics, 19.10.2019 00:30 daniella999sandoval

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 is the formula for the interest rate, r; required to achieve a balance of b in the account after 3 years?

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