Select the correct answer from each drop-down menu. The function below describes the number of students who enrolled at a university, where f(t) represents the number of students and trepresents the time in years. f(t)=18,500(1.03)^t Initially, square students enroll at the university. Every square - the number of students who enroll at the university increases by a factor of square

The function \( f(t) = 18,500(1.03)^t \) describes the number of students enrolled at a university over time.Initially, students enroll at the university. This is because when , \( f(0) = 18,500(1.03)^0 = 18,500 \).Every , the number of students who enroll at the university increases by a factor of . This is indicated by the base of the exponential function, which is .So, the completed sentence is:Initially, students enroll at the university. Every , the number of students who enroll at the university increases by a factor of .