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Math·Advanced Math·Nonlinear functions

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A sum of $9,000$ dollars was invested in a certificate of deposit (CD) that earns interest, and no other deposits or withdrawals were made after that. The function $f(x)=9,000(1+0.03{)}^x$ gives the value of the CD, in dollars, $x$ years after the investment was initially made, where $x\le 5$. Which of the following is the best interpretation of the statement “$f(2)$ is approximately equal to $9,474.08$“ in this context?

A

The value of the CD would be approximately $9,474.08$ dollars if invested at $2\%$ interest.

B

$9,474.08$ days after the investment was made, the value of the CD was approximately $2$ times greater than its initial value.

C

$2$ years after the investment was made, the value of the CD was approximately $9,474.08$ dollars.

D

$2$ years after the investment was made, the value of the CD was approximately $9,474.08$ dollars greater than its initial value.