Question

A population of beavers decreases exponentially at a rate of 7.5% per year. What is the equivalent monthly rate to the nearest hundredth of a percent?
0.65%

0.81%

0.91%

2.37%

Answer 1

Hey there,

Your correct answer will be A.)0.65 because when you do 7.2 divided by 12 because of the year, and it will get you 0.65

~Jurgen

Answer 2

Answer:

0.63%

Step-by-step explanation:

If 7.5% decrease in 1 year (12 months), then the percentage decrease per month will be 7.5% divided by 12.

$\frac{7.5}{12}=0.625$ percent per month

Rounded to the nearest hundredth, 0.625% is equal to 0.63%