Respuesta :
Answer: Option 'C' is correct.
Step-by-step explanation:
Since we have given that
The expression is defined as
[tex]f(x)=12(1.035)^x------------------------(1)[/tex]
As we know the general form of exponential function:
[tex]f(x)=a(1+r)^x--------------------------(2)[/tex]
Here, a denotes the initial amount.
r denotes the growth rate.
On comparing, we get that
[tex]1+r=1.035\\\\r=1.035-1\\\\r=0.035\\\\r=0.035\times 100\%\\\\r=3.5\%[/tex]
Hence, option 'C' is correct.