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Mathematics, 30.11.2021 03:30 tia0625

Jane opened a savings account that earns annual compound interest. The function $f(x) = 5000(1.1)^{x}$ represents the balance of her account after x years. Which equivalent function represents the monthly compound interest rate? A: f(x) = $f(x) = 5000(0.83)^{12x}$
B: f(x) = $f(x) = 417(1.008)^{x}$ (this answer is incorrect, please tell me why it is incorrect)
C: f(x) = $f(x) = 417(0.83)^{x}$
D: f(x) = $f(x) = 5000(1.008)^{12x}$

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