Identify the initial amount a and the rate of decay r (as a percent) of the exponential function w(t)=700(0.995)t. Evaluate the function when t=3. Round your answer to the nearest tenth.

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.