Answer: Choice B
The initial amount in the account.
==================================================
Reason:
x is the number of years
x = 0 is the starting point. Let's plug that in to find...
[tex]y = 982(1.07)^x\\\\y = 982(1.07)^0\\\\y = 982(1)\\\\y = 982\\\\[/tex]
At the start, Sammy has $982 in the bank.
Side note: The 1.07 means the account is growing by 7% each year.
