The correct interpretation of the equation \( C - 0.05 = P \) is:
B. P is 95% of the amount harvested by Jake last year.
Here’s the reasoning:
- Jake's harvest decreased by 5%, which means he harvested 95% of what he harvested last year.
- The expression should actually reflect this decrease as \( P = C - 0.05C \) or \( P = 0.95C \).
- If we were to manipulate the original equation \( C - 0.05 = P \), we'd realize that the \( 0.05 \) doesn't represent the correct percentage of the total harvest but shows a decrease. The interpretation should center on how much of last year’s total \( C \) is represented in \( P \).
Thus, there may be an error in the expression provided since the better representation for the scenario described would be \( P = 0.95C \), confirming that \( P \) is indeed 95% of the previous year’s harvest.