The population of a city decreases by 3.7% per year. If this year's population is pp, which expression represents next year's population?

Given data:
The rate at which the population is decreases is r=3.7%.
The expression for the population in the next year is,
[tex]\begin{gathered} y=1p-\frac{3.7}{100}p \\ =1p-0.037p \end{gathered}[/tex]Thus, the first option is correct.