Interpret the following exponential function:y = 6 (1.07) ^xWhat is the growth/decay factor? What is the y-intercept?a.Decay factor is 6; y-intercept is 1.07b.Decay factor is 1.07; y-intercept is 6c.Growth factor is 6; y-intercept is 1.07d.Growth factor is 1.07; y-intercept is 6