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:

We are given that

Principle amount of money=$360

Annually interest, r=3%

We have to find the equation that represents the amount of money in Josiah's account.

Let total time =x years

Total amount of money represented by y.

Amount in x years is given by

Where

P=Principle amount of money

r=Rate of interest( in%)

x=Time(in years)

Substitute the values in the given formula

Then, we get

Hence, the  equation represents the amount of money in Josiah's account y after x years is given by