Set 8: Exponential Functions (Advanced)

Choice C is correct. Choice C is the correct answer. The coefficient $a$ is the y-intercept. 1. Identify: $a = 5000$. 2. Interpret: This is the value when $x=0$, which is the y-intercept (initial value). Strategic Tip: Initial value = Starting amount = Y-intercept. Choice A is incorrect because the rate is 0.03. Choice B is incorrect because the factor is 1.03.