Some banks charge a fee on savings accounts that are left inactive
for an extended period of time. The equation y = 5000(0.98),
represents the value, y, of one account that was left inactive for a
period of x years.
What is the y-intercept of this equation and what does it represent?

(1) 0.98, the percent of money in the account initially

(2) 0.98, the percent of money in the account after x years

(3) 5000, the amount of money in the account initially

(4) 5000, the amount of money in the account after a years