An account is opened with $7,595.96 with a rate of increase of 2% per year. After 1 year, the bank account contains
$7,746.90. Assuming no deposits or withdrawals are made, which equation can be used to find y, the amount of money in
the account after x years? (Round money values to the nearest penny.)
O y = 7,746.90(1.02)*
O y = 7,746.90(0.02)*
O y = 7,595.96(1.02)*
O y = 7,595.96(0.02)*