The initial value of the exponential function f(x) is 250 and it is increasing by 4%. Which of the following statements about f(x) is true?(1 point)

Responses

f(x) has a growth rate of 2.5
f(x) has a growth rate of 2.5

f(x) models exponential decay
f(x) models exponential decay

f(x) has a decay rate of 96%
f(x) has a decay rate of 96%

f(x) has a growth rate of 1.04