Question: 3(Multiple Choice Worth 6 points) (05.01 MC) Given an exponential function for compounding interest, A(t) = P(0.95)t, what is the rate of decay? 0.05% 0.95%

3(Multiple Choice Worth 6 points) (05.01 MC) Given an exponential function for compounding interest, A(t) = P(0.95)t, what is the rate of decay? 0.05% 0.95% 5% 95%

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