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An initial deposit of $50 is made into an account that had a 5% interest rate compounded annually. Which expression shows the amount of money in the account after t years? 50(105)t 50(1.05)t 50(.05)t 50(5)t
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An initial deposit of $50 is made into an account that had a 5% interest rate compounded annually. Which expression shows the amount of money in the account after t years?

50(105)t
50(1.05)t
50(.05)t
50(5)t

User Pradeepradyumna
by
8.3k points

1 Answer

3 votes
Hi there
The answer is
50(1.05)t

Hope it helps
User Josh Ourisman
by
8.7k points
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