The table represents a savings account with continuously compounded annual interest.


x 0 1 2 3 4
y $3,500 $3,716.43 $3,946.24 $4,190.26 $4,449.37
What does the value of the y-intercept represent in the context of continuously compounded interest?
The value of $3,716.43 represents the principal amount.
The value of $3,716.43 represents the percent rate of change.
The value of $3,500 represents the principal amount.
The value of $3,500 represents the percent rate of change.