
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
In 2015, the per capita income in Xiangyang Village was 12,000 yuan, and in 2017, it was 14,520 yuan. If the annual average growth rate of per capita income is $x$, the equation based on the problem is ______.

Present the answer in LaTex format: \boxed{Your answer}
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