12. A website tracks the number of users it has at the

end of each of its first 30 days since going online.

The equation y = 15(1.03)" shows the relationship

between the number of days since the website

went online, x, and the number of users it has, y.

What does 1.03 represent in the equation?

A.

The number of users increases by 3 each day.

B. The number of users increases by 103 each

day.

C.

Each day after the first, the number of users

is 3% greater than it was the day before.

D. Each day after the first, the number of users

is 103% greater than it was the day before.