The number of active users, $U$, on a new social media platform $t$ months after its launch can be modeled by the equation $U=15,000(1.08{)}^t$. A competitor platform launched at the same time with 20,000 active users, and its user base is modeled by $V=20,000(1.05{)}^t$. Which of the following statements is true regarding these two platforms?