2
QuizMultiple Choice

Exponential Growth Functions

Question 2 • Common Core Algebra I B-IC

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?

Answer
A
y = 360(1.3)x
B
y = 360(0.3)x
C
y = 360(0.03)x
D
y = 360(1.03)x
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