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:

Here, x represents the number of year and y represents the amount after x years,

Given,

The initial amount, P = $ 360,

The compound rate of interest per year, r = 3 %,

Thus, the amount after x years would be,

Which is the required equation.

explanation:

step-by-step explanation: