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Math·Advanced Math·Nonlinear functions

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James purchased a certain baseball card on January 1. The function $f(x)=85(1.03{)}^x$, where $0\le x\le 10$, gives the predicted value, in dollars, of the baseball card $x$ years after James purchased it. What is the best interpretation of the statement “$f(8)$ is approximately equal to $108$” in this context?

A

When the baseball card’s predicted value is approximately $108$ dollars, it is $8\%$ greater than the predicted value, in dollars, on January 1 of the previous year.

B

When the baseball card’s predicted value is approximately $108$ dollars, it is $8$ times the predicted value, in dollars, on January 1 of the previous year.

C

From the day James purchased the baseball card to $8$ years after James purchased the card, its predicted value increased by a total of approximately $108$ dollars.

D

$8$ years after James purchased the baseball card, its predicted value is approximately $108$ dollars.