There are approximately 25,000 polar bears worldwide. Some scientists estimate that the polar bear population has been declining at a yearly reduction rate of 1%. What equation would model this situation?
A - p (t) = 25,000 (1.99)^t
B - p (t) = 25,000 (.099)^t
C - p (t) = 25,000 (0.99)^t
D - p (t) = 25,000 (0.01)^t