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SAT® Math

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Savings Account

SATMAT-2JWKRG

Sally deposits $ {\$800} $ into a savings account that earns $ {5\%} $ interest, compounded annually.

Which function models the balance $B$ in her account after $t$ years?

A

$ B(t)=800{ (0.05) }^{ t } $

B

$ B(t)=1.05t+800 $

C

$ B(t)=800{ (1.05) }^{ t } $

D

$ B(t)=800({ 5) }^{ t } $