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11 October, 20:08

2. Emily won $3,000,000 after taxes in a lottery. She decided to spend 4%

each week. How long will it be until she has only $3,000 left?

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  1. 11 October, 20:11
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    After about 25 weeks, she will have $3000 left

    Step-by-step explanation:

    Emily won $3000000

    She spends 4% weekly, which is

    $3000000 * 4/100 = $3000000 * 0.04

    = $120000

    She spends $120000 Weekly

    When she has $3000 left, she would have spent

    $3000000 - $3000 = $2997000

    Spending $120000 weekly, she will spend $2997000 in

    (2997000/120000) weeks

    = 24.975 weeks

    i. e, she will have $3000 after approximately 25 weeks
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