A population of flies, P, over a given amount of time, x, is modeled by the expression
P(1+r)^x.
Note: r represents percentage rate as a decimal What does each factor in the expression represent?
Select each correct answer.

(1+r) ​ represents a decay of the fly population

P represents the initial amount of flies in the population

(1+r) represents a growth of the fly population

P represents a number of flies at a given time