The function p(t) represents the population of a certain town t years after 2010.

p(t)=3476(0.97)t

What does the value 3476 represent in this situation?

Every year after 2010, the population decreases by 3476.

Every year after 2010, the population increases by 3476.

The population of the town in 2010 is 3476.

The population t years after 2010 is 3476.