Question

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.

Answer 1

Oh it is A i awnsered this quetion on my math cba this morning and got it right lol:)

Explanation: