The formula for an exponential function is $y = 56 \times 0.93 ^ { t }$ , where is measured in months. Then the monthly percentage decay rate for $y$ is
A) 0.93%
B) 7.02%
C) 0.07%
D) 7%

Question

The formula for an exponential function is $y = 56 \times 0.93 ^ { t }$ , where  is measured in months. Then the monthly percentage decay rate for $y$ is
A) 0.93% 
B) 7.02% 
C) 0.07% 
D) 7%

Quizplus · Accepted Answer

The Answer of The formula for an exponential function is $y = 56 \times 0.93 ^ { t }$ , where  is measured in months. Then the monthly percentage decay rate for $y$ is
A) 0.93% 
B) 7.02% 
C) 0.07% 
D) 7%

The Formula for an Exponential Function Is y=56×0.93ty = 56 \times 0.93 ^ { t }y=56×0.93t

The Formula for an Exponential Function Is $y = 56 \times 0.93 ^ { t }$