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)' 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

The number of digital subscriptions increases by 103.4% each month
The newspaper had 31,500 digital subscriptions when the advertising campaign was launched
The number of digital subscriptions increases by 3.4% each month
The number of digital subscriptions increases by 3.4% each year
The newspaper had 32,671 digital subscriptions when the advertising campaign was launched