If a function decreases by 6% each year, then the yearly decay factor is
A) 1.06
B) 6
C) 0.06
D) 0.94

Name: If a function decreases by 6% each year, then the yearly decay factor is A) 1.06 B) 6 C) 0.06 D) 0.94
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Question

Quizplus · Accepted Answer

Since the function decreases by 6% each year, the amount remaining after one year would be 100% - 6% = 94% of the original amount. Therefore, the yearly decay factor is 0.94.

If a Function Decreases by 6% Each Year, Then the Yearly