Problema Solution
mimi received $1,000,000. Each year she spends exactly half the money. How much will she have left after 10 years?
Answer provided by our tutors
Current amount: $1,000,000
After 1 year the amount of money left is: (1/2)1,000,000
After 2 years the amount of money left is: (1/2)(1/2)1,000,000 = (1/2)^2*1,000,000
......
After 10 years the amount of money left is: (1/2)^10*1,000,000 = $976.56