SOLUTION: A man won 16,000,000.00 in the lottery, he spend 50% of what was left for 10 years. How much did he have left at the end of 10 years. 1/2 of 16,000,000 = 8,000,000 ?????

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: A man won 16,000,000.00 in the lottery, he spend 50% of what was left for 10 years. How much did he have left at the end of 10 years. 1/2 of 16,000,000 = 8,000,000 ?????      Log On


   

Question 172926: A man won 16,000,000.00 in the lottery, he spend 50% of what was left for 10 years. How much did he have left at the end of 10 years.
1/2 of 16,000,000 = 8,000,000
?????
Answer by vleith(2983) About Me  (Show Source):
You can put this solution on YOUR website!
The way I read that problem is -- a guy win 16M.
He spends 50% of that in the first year (16M*.5), so he has 8M left
He spends 50% of the remainder the next year 8M*.5, so he has 4M left
He keeps doing that up to 10 years.
How much is left
16M+%2A+%280.5%29%5E10= 15625