John has $10,000 in a safe deposit box. Each year, he spends 12% of what is left in the box. How much will be in the box after 15 years?

Name: John has $10,000 in a safe deposit box. Each year, he spends 12% of what is left in the box. How much will be in the box after 15 years?
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Quizplus · Accepted Answer

The Answer of John has $10,000 in a safe deposit box. Each year, he spends 12% of what is left in the box. How much will be in the box after 15 years?

John Has $10,000 in a Safe Deposit Box