Name: SAT Math Help & School Math Mastery
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#34737

applications

functions

exponential

medium

45 sec

The population of a small town was $8, 000$ in 2010. If the population decreased by $5%$ each year after 2010, which of the following equations best models $P$ , the population of the town, $t$ years after 2010?

A.

$P = 8000 (0.05)^{t}$

B.

$P = 8000 (0.95)^{t}$

C.

$P = 8000 (1.05)^{t}$

D.

$P = 8000 (1.50)^{t}$