Answer:
An exponential decay function has the form y = a*b^(-kt) where a is the initial value, b is the base of the exponential function (in this case, 1 - the decay rate as a decimal), k is the decay rate and t is the time.
Given that the initial value is 980, the decay rate is 1% every 2 days and the time is 5 weeks. The first step is to convert the time to the same unit of time as the decay rate, in this case, days: 5 weeks * 7 days/week = 35 days.
The decay rate per day is 1/100 because 1% as a decimal is 0.01, so the decay rate per day is 0.01/2 = 0.005
Now we can plug in the values in the function:
y = 980 * (1 - 0.005)^(-0.005*35)
y = 980 * 0.995^(-17.5)
y ≈ 574.64
So, the value of the quantity after 5 weeks to the nearest hundredth is 574.64
It's worth noting that in this case, the base (1 - decay rate) is less than 1, which implies that the value of the quantity decreases over time.