Your rich uncle is giving you $100,000 on the condition that you will spend exactly half of the remaining amount each day (or as close to half as possible). Use the equation y = 100,000(0.5)^x to find out how much you will spend on day 8. Round to the nearest cent.

A. $40,000.00
B. $390.63
C. $988.76

Question

Your rich uncle is giving you $100,000 on the condition that you will spend exactly half of the remaining amount each day (or as close to half as possible). Use the equation y = 100,000(0.5)^x to find out how much you will spend on day 8. Round to the nearest cent.

A. $40,000.00
B. $390.63
C. $988.76

anonymous · Answer

So how do you suppose you will use the equation? What would y be, and what would x be in that equation?