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:

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

the entire expression should be subtracted from 30. to subtract the quantity, distribute the negative sign, which changes the signs on the terms. so, the –2 changes to positive and gets added to 30 instead of subtracted from it.

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