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?
y = 360(1.3)x
y = 360(0.3)x
y = 360(0.03)x
y = 360(1.03)x
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Answer:
y=360(1.03)^x
Step-by-step explanation:
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 Josiahs account, y, after x years?
D. y = 360 (1.03)^x
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