The amount of money (in trillions of dollars) that is invested in passively managed mutual funds can be approximated by the function A(x) = 0.35(1.14)*, where x = 1corresponds to the year 2001.(a) What was the amount of money in passively managed mutual funds in 2012 and 2016?(b) If the trend continues, what is the first full year when the amount of passively managed mutual funds exceeds $7.1 trillion?(a) Which of the following describes how to find amount of money in passively managed mutual funds in 2012 using the given information? Select the correctchoice below and fill in the answer box to complete your choice.(Type an integer or a decimal.)A. To find the amount of money in passively managed mutual funds in 2012, substitutefor x and evaluate to find f(x).B. To find the amount of money in passively managed mutual funds in 2012, find the intersection point of the graphs y = 0.35(1.14) and y =of money in passively managed mutual funds in 2012 is represented by the y-coordinateIn 2012, the amount of money in passively managed mutual funds was about $(Type an integer or decimal rounded to the nearest hundredth as needed.)trillion.Which of the following describes how to find the amount of money in passively managed mutual funds in 2016 using the given information? Select the correctchoice below and fill in the answer box to complete your choice.(Type an integer or a decimal.)A. To find the amount of money in passively managed mutual funds in 2016, find the intersection point of the graphs y = 0.35(1.14)* and y=of money in passively managed mutual funds in 2016 is represented by the y-coordinate.B. To find the amount of money in passively managed mutual funds in 2016, substitute for x and evaluate to find f(x).