Consider the function y = 1.05(x/12), which represents the growth of capital in a bank account.The annual interest is __%, a. 12b. 105c. 1.05d. 5and the bank compounds the interest__ .a. annuallyb. continuously c. dailyd. monthly The balance of the account will grow __ .a. logarithmically b. exponentially c. asymptoticallyd. linearly