The Monthly Percentage Decay Rate for a Certain Exponential Function

question 32

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) 2.43%
• C) 0.79%
• D) 1.75%

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