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Mathematics, 16.01.2021 01:00 2023jpeterson

Jamie puts an initial $900 into a savings account. The account has a 7% annual compound interest rate. What is the function that best represents Jamie's account and how much does he have in savings after 5 years? Round your answer to the nearest dollar. Hint: Use the formula, f(x) = P(1 + r)x

A. f(x) = 900(1.7)x, $1,081

B. f(x) = 900(1.07)x, $1,262

C. f(x) = 900(1.07)x, $1,081

D. f(x) = 900(0.07)x, $1,262

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