Answer:
B. When it was purchased (year 0), the coin was worth $3.
Step-by-step explanation:
We have been given graph of function [tex]f(t)=3\cdot 2^t[/tex], which represents the value of a rare coin in the year t. We are asked to tell the meaning of the y-intercept.
We know that y-intercept is the point, where graph intersects y-axis. It is also known as the initial value.
The y-intercept of the function will be at [tex]t=0[/tex]. Upon substituting [tex]t=0[/tex] in our given formula, we will get:
[tex]f(0)=3\cdot 2^0[/tex]
[tex]f(0)=3\cdot 1[/tex]
[tex]f(0)=3[/tex]
So, the y-intercept of our given function would be 3.
Since the given function represents the value of a rare coin in the year t, so y-intercept [tex](t=0)[/tex] tell us that the value of coin is $3, when it was purchased and option B is the correct choice.