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Josiah invests $360 into an account that accrues 3% interest annually. Assuming no deposits or withdrawals are made, which equation represents the amount of money in Josiah’s account, y, after x years?
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Josiah invests $360 into an account that accrues 3% interest annually. Assuming no deposits or withdrawals are made, which equation represents the amount of money in Josiah’s account, y, after x years?

User Sooraj Chandu
by
7.7k points

2 Answers

7 votes

Answer:

y = 360(1.03)x

Step-by-step explanation:

Edge

User Staale
by
8.2k points
5 votes
Y=360(1.03)^x
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User JoeJackJessieJames
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7.8k points
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