The value of a motorcycle changes according to the equation Use the dropdowns to complete the statements . V = 5, 000(1.03) ^ t where V = value in dollars and t = time in years In the equation, the number 5,000 represents the
1. growth rate
2. Initial value
3. Final value
Of the motorcycle. The value of the motorcycle is
1. Increasing
2. Decreasing
At a rate of
0.03%, 0.97%, 1.03%, 3%, 97%, or 5,000%