The value of a rare baseball card, in dollars, is modeled by the function , where is the number of years since it was purchased. Which of the following is the best interpretation of the number 1.15 in this context?
The initial value of the baseball card.
The value of the baseball card increases by $1.15 each year.
The value of the baseball card increases by 15% each year.
The value of the baseball card is added by 1.15 each year.
