An investment club has had an average rate of return of 15% per year for the past 6 years. If Teresa invests $1000 today and neither adds nor subtracts money from the club, how much will Teresa have invested after 5 years assuming that the rate of return does not change?

a. 1000 + 1.15⁵

b. 1000(1.15)⁵

c. 1000 + 0.1⁵

d. 1000(0.15)⁵

e. 1000(5)0.1⁵