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