Mr. Whaley’s company earned $60,000 in 2009. Then his company’s earnings decreased each year for 4 years. The earnings are shown in the table below.

Year Earnings (dollars)
2009 60,000
2010 57,000
2011 54,150
2012 51,443
2013 48,870
Which exponential equation best represents the table of earnings? Let x= 0 represent the year 2009.

A. y=60,000(0.05)^x

B. y=60,000(0.95)^x

C. y=60,000(0.5)^x

D. y=60,000(1.05)^x