The expression 1,000 (1.05)* represents the amount of money William has
in his account after x years. What does 1.05 represent?
A The amount in the account increases by 5% each year.
B. The amount in the account increases by $105 each year.
C. The amount in the account increases by $1.05 each year.
D. The amount in the account increases by 0.05% each year.