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)?. 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%
Please select the best answer from the choices provided