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%.
