R, if we take 10% away, we are left with 90%, right? The next month, we have 90% of the 90%, etc.

8000(.9)

^{12}^{ =2259.84}R G.

asked • 10/10/16mabel has 8000 in a bank which is below her required remaining balance. As penalty, her money decreases at the rate of 10% every month. How much money will she have after one year?

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R, if we take 10% away, we are left with 90%, right? The next month, we have 90% of the 90%, etc.

8000(.9)^{12}^{ =2259.84}

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