The correct exponential decay function to model the decline of the elephant population is:
\[ y = 62(0.96)^t \]
Here's the reasoning:
- The current population is 62 elephants.
- The herd is declining at a rate of 4% per year, which means that 96% of the population remains after each year. This is represented as \( 1 - 0.04 = 0.96 \).
- Therefore, the number of elephants after \( t \) years can be modeled by the function:
\[ y = 62(0.96)^t \]