The monthly percentage decay rate for a certain exponential function is 6%. By what per- centage does the function decay in a week? (Assume there are four weeks in a month.)
A) 1.53%
B) 2.21%
C) 1.27%
D) 1.5%

Name: The monthly percentage decay rate for a certain exponential function is 6%. By what per- centage does the function decay in a week? (Assume there are four weeks in a month.) A) 1.53% B) 2.21% C) 1.27% D) 1.5%
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Question

Quizplus · Accepted Answer

The monthly decay rate is 6%, so the weekly decay rate is 6% / 4 = 1.5%.

The Monthly Percentage Decay Rate for a Certain Exponential Function