SAT Question 9afe2370: Nonlinear Functions answer and explanation with Desmos solution

Math - Nonlinear Functions - Exponential Function Modeling
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The population of a certain city years after the last census is modeled by the equation below, where is a constant and is the population when .

If during this time the population of the city decreases by a fixed percent each year, which of the following must be true?

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Difficulty:Hard