Abank charges a fee on savings accounts that are inactive for an extended period of time. the equation y=7500(0.97)^x represents the value, y, of one account that was left inactive for a period of x years. what is the y-intercept of the equation and hwat does it represent

The correct answer for the question that is being presented above is this one: "7500." The y-intercept of the equation is 7500. It represent that when the amount of x is zero, then that's the value of y.

Y- intercept can be acquired when we substitute x with 0.
y = 7500 (0.97)^0
y = 7500 * 1
y = 7500.

So confused right here i need it to be more clearer