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Interpret time in exponential models

Rosario is an ecologist who studies the change in the penguin population of Antarctica over time.
The relationship between the elapsed time tt, in years, since Rosario started studying the population, and the number of penguins, P(t)P(t), is modeled by the following function:

Complete the following sentence about the rate of change in the penguin population.
The population of penguins loses 37\dfrac{3}{7} of its size every
years.