Question

Ariel deposited $700 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 withdrawals. Complete the explanation and
decide whether you agree.

Answer 1

Ariel is incorrect. Her account balance will decrease as follows for the first 10 withdraws.

Explanation:

38.74-0.1(38.74)=38.74-3.87=34.87