There are currently 50 vendors at the downtown farmers' market. The market is growing in popularity and the number of vendors is expected to increase by 12% each year relative to the previous year.
Which statement correctly describes the equation that represents this situation?
A. It is y = 6(1.12)" because 12% of 50 is 6 and the base is 1.12.
B. It is y = 50(0.88)" because you need to subtract 12% from 100%, so the base is 0.88.
C. It is y = 50(0.12)" because if the market is growing by 12%, the base is 0.12.
D. It is y = 50(1.12)" because the base is 1.12 for a 12% increase.