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?

The future amount of money that is invested currently at a certain interest that is compounded annually is calculated through the equation,
               F = P x (1 + i)^n
where F is the future worth, P is the present worth, i is the interest rate, and n is the number of years. Substituting the known values and variables in the given, F = ($360)(1.03)^x

The correct awnser is 29.76 pounds.