Answer:
y=3^x
Explanation:
The expected payments (in cents) beginning from July 1 are given below:
![3,9,27,81,\cdots](https://img.qammunity.org/2023/formulas/mathematics/college/wfpe4prnit4proq3crhoeiixshtkv8fafu.png)
Observing the payments for each subsequent day, we see that the payment for the previous day was multiplied by 3.
We can rewrite the payment as a power of 3 as follows:
![3^1,3^2,3^3,3^4,\cdots](https://img.qammunity.org/2023/formulas/mathematics/college/8k84snjdcm9ntgmc96bfv4ktazkvyipv23.png)
Therefore, the equation will help you determine how much money you will make in July will be:
![y=3^x](https://img.qammunity.org/2023/formulas/mathematics/high-school/ygsu5ig2b74j2x666najzamtekczmpuqts.png)
The first option is correct.