A cable company uses the formula S = 20,000 (1 + 0.08)y to estimate the number of subscribers, S, that use their service after y years. If there were 20,000 cable
television subscribers when the cable company began, what is the meaning of the
expression (1 + 0.08)Y?
A. Every year the number of subscribers is estimated to increase by 8 over the number
of subscribers the year before.
B. Every year the number of subscribers is estimated to increase by 8% of the original
20,000 subscribers
C. Every year the number of subscribers is estimated to increase by 8% over the
number of subscribers the year before.
D. Every year the number of subscribers is estimated to increase by 80% of the
original 20,000 subscribers.