Question

Light yogurt sales in the United States have been declining eight percent per year since 2016 due to younger consumers choosing to switch to Greek yogurt. In 2016, distributors had $1.2 billion in light yogurt sales. Which equation could be used to represent light yogurt sales (in billions of dollars) in the U.S. 't' years after 2016? *
a. y= 1.2(0.92)^t

b. y= 1.2 (8)^t

c y= 1.2(0.08)^t

d. y=1.2(1.08)^t

Answer 1

Answer is a:y=1.2(0.92)^t