The Formula for an Exponential Function Is $y = 54 \times 0.94 ^ { t }$

question 14

Multiple Choice

The formula for an exponential function is $y = 54 \times 0.94 ^ { t }$ , where is measured in months. Then the monthly percentage decay rate for $y$ is

• A) 0.94%
• B) 6.01%
• C) 0.06%
• D) 6%