A small country is reducing its government spending. The country's annual debt is modeled by y = 500 (1 - 0.40) t, where y is in billions of dollars and t represents the number of years since 2016.

What is the percent decrease of the country's annual debt?

A) 60%

B) 40%

C) 25%

D) 10%

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A small country is reducing its government spending. The country's annual debt is modeled by y = 500 (1 - 0.40) t, where y is in billions of dollars and t represents the number of years since 2016.What is the percent decrease of the country's annual debt?A) 60%B) 40%C) 25%D) 10%

A small country is reducing its government spending. The country's annual debt is modeled by y = 500 (1 - 0.40) t, where y is in billions of dollars and t represents the number of years since 2016.

What is the percent decrease of the country's annual debt?

A) 60%

B) 40%

C) 25%

D) 10%