Question

A newspaper for a large city launches a new advertising campaign focusing on the number of digital subscriptions. The equation S(t)=31,500(1.034)t approximates the number of digital subscriptions S as a function of t months after the launch of the advertising campaign. Determine the statements that interpret the parameters of the function S(t).

Select the two correct answers.

A: The number of digital subscriptions increases by 3.4% each year.
B: The number of digital subscriptions increases by 3.4% each year.
C: The newspaper had 32,571 digital subscriptions when the advertising campaign was launched.
D: The newspaper had 31,500 digital subscriptions when the advertising campaign was launched.
E: The number of digital subscriptions increases by 103.4% each month.

Answer 1

Answer: A. The number of digital subscriptions increases by 3.4% each year. and E: The number of digital subscriptions increases by 103.4% each month.

Answer 2

B 3.4% each year is right