Exponential Decay Model
The population of a cold-water fish species is modeled by the equation $$P(t) = P_0 e^{-0.04t}$$, where $P(t)$ is the population after $t$ years. Based on this model, what is the approximate percentage decrease in the population over a 25-year period?
A
Approximately 40%
B
Approximately 63%
C
Approximately 25%
D
Approximately 37%
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