Shiloh opens a savings account in which interest is compounded annually. the balance in the account is given by the following exponential expression, where t represents the time in years.
which statement correctly interprets the given expression?
a.
shiloh initially invested $1,025, which grows annually at a rate of 12.5%.
b.
shiloh initially invested $125, which grows annually at a rate of 2.5%.
c.
shiloh initially invested $1,025, which grows annually at a rate of 1.25%.
d.
shiloh initially invested $125, which grows annually at a rate of 1.025%.