Darcy keeps $5,000 in a bank account that does not earn any interest. Every week, she withdraws 10 percent of the money in the

Question

Darcy keeps $5,000 in a bank account that does
not earn any interest. Every week, she
withdraws 10 percent of the money in the
account for spending. To the nearest cent, how
much has she withdrawn in total after 8 weeks?
A) $2,610.78
B) $2,638.05
C) $2,755.28
D) $2,847.66​

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Mộc Miên 4 years 2021-09-05T16:12:17+00:00 1 Answers 23 views 0

Answers ( )

  1. trucchi
    0
    2021-09-05T16:13:52+00:00
    Reply

    Answer:

    Amount withdrawal = $2,847.66 (Approx)

    Step-by-step explanation:

    Given:

    Amount deposit = $5,000

    Withdraws percent = 10 % = 0.1

    Number of weeks = 8

    Find:

    Amount withdrawal

    Computation:

    Amount withdrawal = 5,000[1-(0.1)⁸]

    Amount withdrawal = 5,000[0.56953279]

    Amount withdrawal = $2,847.66 (Approx)

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