Answer:
[tex]y=\$360(1+0.03x)[/tex]
Step-by-step explanation:
we know that
The simple interest formula is equal to
[tex]y=P(1+rx)[/tex]
where
y is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
x is Number of Time Periods
in this problem we have
[tex]P=\$360\\r=0.03[/tex]
substitute in the formula above
[tex]y=\$360(1+0.03x)[/tex]
Answer:
y = 360(0.03)x
Step-by-step explanation:
incorrect and how do i erase a answer
