The Decay Factor of an Exponential Function $P ( t )$

question 67

Multiple Choice

The decay factor of an exponential function $P ( t )$ is 0.2. The initial value is 1.15. Then a formula for P is

• A) \(P = 0.2 \times t ^ { 1.15 }\)
• B) \(P = 0.2 \times 1.15 ^ { t }\)
• C) \(P = 1.15 \times t ^ { 02 }\)
• D) \(P = 1.15 \times 0.2 ^ { t }\)

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Definitions:

Accounting Cycle

The process of recognizing, recording, classifying, and summarizing financial transactions in a business over a specific period.