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The Monthly Percentage Decay Rate for a Certain Exponential Function

Question 36

Multiple Choice

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) 2.76%
C) 1.14%
D) 1.75%

Correct Answer:

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