Is the equation A=27500(0.75)t

a model of exponential growth or exponential decay, and what is the rate
of change per time period?
Responses

exponential decay and 25%

exponential growth and 75%

exponential decay and 75%

exponential growth and 25%

The equation A=27500(0.75)t is a model of exponential decay, and the rate of change per time period is 25%.