The number of oranges harvested from Jake's yard decreased by 5% from last year to this year. Jake used the following expression to find the number of oranges harvested this year, P, where C is the number oranges Jake harvested last year.

C - 0.05C = P

Select the correct interpretation for the given equation.

A. P is 95% of the amount harvested by Jake last year.

B. Is 5% of the amount harvested by Jake last year.

C. P is 5% of the amount harvested by Jake this year.