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AlgebraQ&A Libraryb. If the savings in a bank account can be modeled by the function S(t) 250 (1.045)'. Which of the following is true? Based on the context what is: X (1) The initial amount deposited was $250 and the interest earned is 45% (2) The initial amount deposited was $2.50 and the interest rate is 4.5%. (3) The initial amount deposited was $250 and the interest rate is 4.5%. (4) The initial amount deposited was $2.50 and the interest rate is 45%.Question

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