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.