The profit P after the first month of operation for a new departmental store is $10,605. The profit of the departmental store after x months can be determined by P = 10500 (1.01) x. What will the profit of the store be after 6 months?

A) $11,145.96

B) $11,500.00

C) $10,605.67

D) $10,500.00

Question

Mathematics

Ty Dunn

30 July, 23:06

The profit P after the first month of operation for a new departmental store is $10,605. The profit of the departmental store after x months can be determined by P = 10500 (1.01) x. What will the profit of the store be after 6 months?

A) $11,145.96

B) $11,500.00

C) $10,605.67

D) $10,500.00

+4

Answers (1)

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Laci Mathis · Answer 1

The answer is A, you just have to plug it into the equation, but you missed up one the equation it's suppose to be P=10500 (1.01) ^x. To a power and multiplying are very different things

The profit P after the first month of operation for a new departmental store is $10,605. The profit of the departmental store after x months can be determined by P = 10500 (1.01) x. What will the profit of the store be after 6 months?A) $11,145.96B) $11,500.00C) $10,605.67D) $10,500.00

The profit P after the first month of operation for a new departmental store is $10,605. The profit of the departmental store after x months can be determined by P = 10500 (1.01) x. What will the profit of the store be after 6 months?

A) $11,145.96

B) $11,500.00

C) $10,605.67

D) $10,500.00