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.

Question

Mathematics

Candice

18 November, 06:18

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.

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Answers (1)

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Neil Petty · Answer 1

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 $10 will be withdrawn every Friday, resulting in the $100 she deposited being completely gone after 10 withdrawals.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