Rewrite Exponential Expressions Using Exponents Practice Test

A savings account is modeled by $A(t)=A_0(1.06)^t$, where $t$ is in years. Which expression is equivalent and reveals the daily growth factor (assume 365 days per year) applied over $365t$ days?

A quantity decays by 10% per year, modeled by $(0.90)^t$ after $t$ years. Rewrite $(0.90)^t$ to show an equivalent monthly decay factor applied over $12t$ months.

Which rewrite is correct?