The population of a small town, , can be modeled by the function , where is the number of years since 2000. Which of the following is the best interpretation of the -intercept of the graph of ?
The population increases by 2% each year.
The population was 1,500 in the year 2000.
The population will reach 1,530 after 1 year.
The maximum population the town can support is 1,500.
