Choose the equation of the piecewise function shown in the graph. x represents the number of hours a bicycle is rented, and y represents the cost in dollars.

dollars. Option #1: y={8x, 0≤x≤3 7x, 3<x<5 6x, x≥5
Option #2: y={8x, 0≤x<3 7x, 3≤x≤5 6x, x>5
Option #3: y={8x, 0≤x<3 7x, 3≤x<5 6x, x≥5

The correct option is Option #2: y={8x, 0≤x<3 7x, 3≤x≤5 6x, x>5.