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

Question 16

Multiple Choice

The formula for an exponential function is y=56×0.93ty = 56 \times 0.93 ^ { t } , where 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% is measured in months. Then the monthly percentage decay rate for yy is


A) 0.93%
B) 7.02%
C) 0.07%
D) 7%

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