Which of the following statements about the general exponentialequation y = 600 (1.05)t is true? (Assume t is time in years, witht = 0 in 1950.) Check all that apply.
A)After 1950, each year the y-value is 1.05 times greater thanthe previous year.
B)The initial amount of 600 is increasing at a rate of 1.05%each year after 1950.
C)When t = 1, y is 105% of its original value, 600.
D)The initial amount of 600 is increasing at a rate of 5% eachyear after 1950.
