Let's analyze each option to determine which statement about the graph of the function \( a(t) = 500(0.8)^t \) is true.
Option #1: As \( t \) increases, \( a \) increases slowly at first and then quickly.
- This statement is false. The function \( a(t) = 500(0.8)^t \) is an exponential decay function, meaning as \( t \) increases, \( a \) decreases. The rate of decrease slows down, but \( a \) does not increase.
Option #2: The y-intercept of the function is \( (0, 500) \).
- This statement is true. When \( t = 0 \), we have \( a(0) = 500(0.8)^0 = 500(1) = 500 \). Therefore, the y-intercept is indeed \( (0, 500) \).
Option #3: The range includes all real numbers.
- This statement is false. The range of the function \( a(t) = 500(0.8)^t \) is limited to positive values. As \( t \) approaches infinity, \( a(t) \) approaches 0, but never becomes negative. Therefore, the range is \( (0, 500] \).
Given this analysis, the correct answer is:
Option #2 is the true statement.