The paddle boat rental company charged a reservation fee of 8.25 plus 9.50 per hour to rent a paddleboat. Amanda says the algebraic expression is 8.25 + 9.50P and represents the total cost of renting P paddle boats for an hour. Which statement is correct?
1) The reservation fee is 8.25 and the cost per hour is 9.50P.
2) The reservation fee is 8.25P and the cost per hour is 9.50.
3) The reservation fee is 8.25 and the cost per hour is 9.50.
4) The reservation fee is 8.25P and the cost per hour is 9.50P.