Jayla starts with a population of 100 amoebas that increases 40% every hour for a number of hours, h. The expression 100(1 + 0.4)h finds the number of amoebas after h hours. Which statement about this expression is true?

It is the sum of the initial population and the percent increase.

It is the initial population raised to the growth factor after h hours.

It is the sum of the initial population and the growth factor after h hours.

It is the product of the initial population and the growth factor after h hours.

The correct statement is: It is the product of the initial population and the growth factor after h hours.