An account is opened with $7,595.96 with a rate of increase of 2% per year. after 1 year, the bank account contains $7,746.90. assuming no deposits or withdrawals are made, which equation can be used to find y, the amount of money in the account after x years? (round money values to the nearest penny.)
the initial beginning value times .02 after adding 1 to it so you would get 1.02 instead since it's an increase raised by x which indicates how many years it was to reach the new value.
