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Differentiate w.r.t. y
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\frac{\mathrm{d}}{\mathrm{d}y}(1.05y)
Multiply 0.3 and 3.5 to get 1.05.
1.05y^{1-1}
The derivative of ax^{n} is nax^{n-1}.
1.05y^{0}
Subtract 1 from 1.
1.05\times 1
For any term t except 0, t^{0}=1.
1.05
For any term t, t\times 1=t and 1t=t.
1.05y
Multiply 0.3 and 3.5 to get 1.05.