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%.