A school district currently has 12,000 students. Based on declining enrollment figures, the number of students in the school district is expected to decline by 5% each year. Which of the following functions represents the number of students,
S
, in the school district after
n
years?
[tex]\text{Since the enrollment decreases every year this is exponential decay of the form}\\ \\ F=Ir^t\\ \\ F=12000(1-.05)^t\\ \\ S(n)=12000(0.95)^n[/tex]