To model the decline of the elephant herd, we can use an exponential decay function of the form:
where:
is the initial quantity (in this case, 62 elephants), is the decay rate (in this case, 4%, which is 0.04 in decimal form), is the time in years.
Since the herd is declining by 4% each year, we can express
Thus, the exponential decay function becomes:
Therefore, the correct response is:
So the answer is:
y = 62(0.96)^t