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

Question

Mathematics

Addisyn Carter

13 November, 01:03

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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Rodney Robbins · Answer 1

Its asking for which x y equation can be used. The answer is y=360

(0.03) x because he started with 360 and he gets 3% a year (annually) and 3% = 0.03.