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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

Answer :

5% = 0.05 so the amount increases by a factor of 1.05 each year

B is the answer
Aliwohaish12
B is the answer to your question

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