In a certain geographic location, a herd of elephants is declining at a rate of four percent every year. If there are currently 62 elephants in the herd, create an exponential decay function to model the problem. Let y represent the number of elephants after t years.(1 point) Responses y=62(0.6)t y equals 62 left parenthesis 0.6 right parenthesis superscript t baseline y=62(0.04)t y equals 62 left parenthesis 0.04 right parenthesis superscript t baseline y=62(1.04)t y equals 62 left parenthesis 1.04 right parenthesis superscript t baseline y=62(0.96)t y equals 62 left parenthesis 0.96 right parenthesis superscript t baseline
The correct exponential decay function to model the problem is
y = 62(0.96)^t