Answer:
1539
Step-by-step explanation:
We solve the above question using the Exponential decay formula
= A(t) = Ao(1 - r) ^t
Ao = Initial Amount invested = 7600
r = Decay rate = 55% = 0.54
t = time in weeks = 2
Hence:
A(t) = 7600(1 - 0.55)²
A(t) = 7600 × (0.45)²
A(t) = 1539
Therefore, the value of the quantity after 2 weeks is 1539
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