Mathematics, 01.07.2020 15:01 SMILEDOG

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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