What would be the equation of $186 in the bank with an interest rate of .001% in year 1, 2, 3, 4, and 5

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What would be the equation of $186 in the bank with an interest rate of .001% in year 1, 2, 3, 4, and 5

Mathematics
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0.001% = 0.001/100 = 0.00001 If you're dealing with simple interest, then y = 0.00001*186x = 0.00186x where x = year number y = amount in the account in year x

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Other answers:

btw 0.001% interest is so very very small. Are you sure that it says that?
yes. this is the current bank interest for savings. it's super low
so after the first year, the person would have 186.00186 in their account if they didn't touch it?
oh sorry I meant y = 186+0.00001*186x = 186+0.00186x
but yeah, when x = 1, y = 186.00186
okay, and the second year would be
like how do u find it?
by plugging in x = 2
OH
so the second year would be 186.0032?
186+0.00186x = 186+0.00186*2 = 186.00372
do the same for x = 3 through x = 5
okay thank you so much!

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