Ask Question
1 January, 10:31

A company earns a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 1/2 times the previous month's profit. What will the company's profit be in the fifth month? Enter your answer in the box.

+3
Answers (1)
  1. 1 January, 12:32
    0
    506.25

    Step-by-step explanation:

    Month 1: $100

    Month 2: 100 times 1.5 = 150

    Month 3: 150 times 1.5 = 225

    Month 4: 225 times 1.5 = 337.50

    Month 5: 337.50 times 1.5 = 506.25
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company earns a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 1/2 times ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers