163k views
4 votes
Ariel deposited $100 into a bank account. Each friday she will withdraw 10% of the money in the account to spend. Ariel thinks her account will be empty after 10 withdrawls. Do you agree explain.

User Tonie
by
8.6k points

1 Answer

4 votes

Answer: Yes, I agree. $10 will be withdrawn every Friday, resulting in the $100 she deposited being completely gone after 10 withdrawals.


Step-by-step explanation: You will want to find the amount of money being taken from the $100 withdrawal first. Turn the percent into a decimal, which should result to 0.10. Take this decimal and multiply it with 100 to get the amount of money being taken out of the account each week, which should be $10. I would go about answering this by multiplying the $10 by the amount of 10 withdrawals. This would result in 100. This answers the question because we are trying to see if 10 withdrawals will completely deplete the $100 in the account.


User Pdinklag
by
7.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories