Mathematics, 29.06.2019 06:00 sandersmakaylaovq5vu
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?
Answers: 1
![\sqrt[3]{\frac{B}{1000}} =\sqrt[3]{(1+r)^{3}}](/tpl/images/0029/9716/418b7.png)
![\sqrt[3]{\frac{B}{1000}} =(1+r)](/tpl/images/0029/9716/44764.png)
![-1+\sqrt[3]{\frac{B}{1000}} =r](/tpl/images/0029/9716/80f1f.png)
![-1+\frac{\sqrt[3]{b} }{10} =r](/tpl/images/0029/9716/de019.png)
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