The equation y = 1125(1.034)x can be used to approximate the number of cell phone users who live in a certain city over time, where x represents the number of years after 2000. Which of the following statements is true? Select all that apply.

A) The rate of growth is 34%.
B) There were 1163 cell phone users in 2001.
C) The rate of decay is 3.4%.
D) In the year 2005, there were more than 1350 cell phone users.