Name: SAT Math Help & School Math Mastery
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#34627

exponential

functions

medium

45 sec

The population of a town is decreasing by 2% each year. In 2000, the population was 15,000. If $P (t)$ represents the population $t$ years after 2000, which equation models the population?

A.

$P (t) = 15000 (0.02)^{t}$

B.

$P (t) = 15000 (0.98)^{t}$

C.

$P (t) = 15000 (1.02)^{t}$

D.

$P (t) = 2 (15000)^{t}$