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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
8.3k 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
7.8k points