Answer:
[tex]y=360\times (1.03)^x[/tex]
Step-by-step explanation:
given that,
Josiah invests = $360
interest annually = 3%
the amount of money in Josiah's account = y
time at which the amount of y in Josiah's account = x
using compound interest formula
[tex]A = P\times( 1+\dfrac{r}{100})^t[/tex]
[tex]y = 360 \times( 1+\dfrac{3}{100})^x\\y=360\times (1.03)^x[/tex]
hence, the required equation comes out to be
[tex]y=360\times (1.03)^x[/tex]
