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An intital deposit of $50 is made into an account that had a 5% interest rate compound annually. Which expression shows the amount of money in the account after t years? 50(105)^t 50(1.05)^t 50(.05)^t
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An intital deposit of $50 is made into an account that had a 5% interest rate compound 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 KomarSerjio
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7 votes
C is the correct answer
User Sindia
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