The monthly percentage decay rate for a certain exponential function is 6%.By what percentage does the function decay in a week? (Assume there are four weeks in a month.) Round your answer to two decimal places if necessary.
A) 1.53%
B) 1.58%
C) 0.8%
D) 1.5%

Question

The monthly percentage decay rate for a certain exponential function is 6%.By what percentage does the function decay in a week? (Assume there are four weeks in a month.) Round your answer to two decimal places if necessary. ​
A) 1.53%
B) 1.58%
C) 0.8%
D) 1.5%

Quizplus · Accepted Answer

The Answer is A

The Monthly Percentage Decay Rate for a Certain Exponential Function