A website recorded the number y of referrals it received from social media websites over a 10-year period. The results can be modeled by y = 2500(1.50), where t is the year and 0 ≤ t ≤9.Interpret the values of a and b in this situation.O a represents the number of referrals after 9 years; b represents the growth factor of the number of referrals each year.a represents the number of referrals it received at the start of the model; b represents the decay factor of the number of referralseach year.O a represents the number of referrals after 9 years; b represents the decay factor of the number of referrals each year.a represents the number of referrals it received at the start of the model; b represents the growth factor of the number ofreferrals each year.What is the annual percent increase?The annual percent increase is%.
