The function f(x) = 2,500(1 + )365t models the balance in a savings account. which statement accurately describes the account?
a.
the account had an initial balance of $2,500 and compounds monthly at an annual interest rate of 2.1%.
b.
the account had an initial balance of $2,500 and compounds yearly at an annual interest rate of 2.1%.
c.
the account had an initial balance of $2,500 and compounds daily at an annual interest rate of 0.21%.
d.
the account had an initial balance of $2,500 and compounds daily at an annual interest rate of 2.1%.