Answer:
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