3 years ago

Please help me id really appreciate it

Mathematics

1 answer:

Olenka [21]3 years ago

7 0

They answer has to be c

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2 years ago

Josiah invests $360 into an account that accrues 3% interest annually. Assuming no deposits or withdrawals are made, which equat

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Answer:

y = 360(1.03)x

Step-by-step explanation:

$F = P x (1 + i)^n$

F is the future worth, P is the present worth, I will be the interest rate, and n is the number of years. $F = ($360)(1.03)^x$

The principal amount of the money = $360

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Thus, the amount after x years which is increased by 3%.

Since, this amount represented by y,

The required equation that represents the amount of money in Josiah’s account, y, after x years is, $= 360(1+\frac{3}{100} )^x\\ = 360(1+0.03 )^x\\ = 360(1.03 )^x$