210k views
3 votes
Alex does not like me at all. He has $50,000,000. As a present for been the most amazing teacher, he gave me $100.

If I spend 3.5 percent of this money everyday, how much money will I have at the end of ten days?

User Alan Dong
by
8.4k points

2 Answers

5 votes

Answer:

Explanation:

69.99

User Keivan Esbati
by
8.5k points
0 votes

Answer:$69.99

Explanation:

If you start with $100 and spend 3.5% of it every day for 10 days, the amount of money you will have left at the end of the 10 days can be calculated as follows:

Day 1:

Starting with $100

Spending 3.5% of $100 = $3.50

Money left = $100 - $3.50 = $96.50

Day 2:

Starting with $96.50 (money left from Day 1)

Spending 3.5% of $96.50 = $3.38

Money left = $96.50 - $3.38 = $93.12

Day 3:

Starting with $93.12 (money left from Day 2)

Spending 3.5% of $93.12 = $3.26

Money left = $93.12 - $3.26 = $89.86

Continue this process for each of the 10 days, and you will have:

Day 4: $86.72

Day 5: $83.68

Day 6: $80.75

Day 7: $77.92

Day 8: $75.18

Day 9: $72.54

Day 10: $69.99

Therefore, after 10 days of spending 3.5% of $100 every day, you will have $69.99 left.

User Roryok
by
7.9k points

No related questions found

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