A town has a population of 42,800 and shrinks at a rate of 4% every year. which equation represents the town population after 5 years?
a.p=42,800(1-0.04)⁵
b.p=42,800(0.6)⁵
c.p=42,800(1.04)⁵
d.p=42,800(1 0.04)⁵