Question

Arnold has a bank account with a beginning balance of $5000. He spends one-fifth of the balance each month. How much money will be in the account after 6 months?

Answer 1

Answer:

Step-by-step explanation:

First month 1/5 of 5000 = 1000

Balance left=4000

Second month 1/5 of 4000=800

Balance left=3200

Third month 1/5 of 3200=640

Balance left =2560

Fourth month 1/5 of 2560=512

Balance left=2048

Fifth month 1/5 of 2048=409.6

Balance left=1639

Sixth month 1/5 of 1639=327

Balance left=1312(approx)