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?

Step-by-step explanation:

Given: Josiah invests $360 into an account that accrues 3% interest annually.

To Find: Assuming no deposits or withdrawals are made, equation that represents the amount of money in Josiah’s account, y, after x years.

Solution:

Total amount in josiah's account after x years=

Amount invested in account by Josiah =

Interest accrued by josiah Annually      = %

Total amount of josiah after 1 year        =

                                                                =

Total amount after 2 years   =                  

                                                              =

Therefore,

Equation of money in josiah's account after x years

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