The expression 10,785(1.0275)x represents the amount of money in an investment account with interest that compounds annually for x years. interpret the meaning of the expression.

a.

the initial investment is $10,275, and the growth rate of the investment is 1.0785%.

b.

the initial investment is $10,275, and the growth rate of the investment is 7.85%.

c.

the initial investment is $10,785, and the growth rate of the investment is 1.0275%.

d.

the initial investment is $10,785, and the growth rate of the investment is 0.0275%.

e.

the initial investment is $10,785, and the growth rate of the investment is 2.75%.

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