The monthly percentage decay rate for a certain exponential function is 7%. By what per- centage does the function decay in a week? (Assume there are four weeks in a month.)
A) 1.8%
B) 2.43%
C) 0.79%
D) 1.75%

Name: The monthly percentage decay rate for a certain exponential function is 7%. By what per- centage does the function decay in a week? (Assume there are four weeks in a month.) A) 1.8% B) 2.43% C) 0.79% D) 1.75%
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Question

Quizplus · Accepted Answer

The monthly decay rate is 7%, so the weekly decay rate is 7%/4 = 1.75%.

The Monthly Percentage Decay Rate for a Certain Exponential Function