Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning.Money in a bank account earning compound interest at an annual percentage rate of 3\% is an example of exponential growth.Choose the correct answer below.A.The statement does not makes sense because the money in the account grows by the same absolute amount, which is an example of linear growth.B.The statement does not make sense because the money in the account grows by the same percentage, which is an example of linear growth.C.The statement makes sense because the money in the account grows by the same percentage, which is an example of exponential growth.D.The statement makes sense because the money in the account grows by the same absolute amount, which is an example of exponential growth.

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