Select the correct answer.

The function RX) = 2,500(1 + 365 )bst 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%.
OD. 2. The account had an initial balance of $2,500 and compounds daily at an annual interest rate of 2.1%.
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