A small business owner made $40,000 the first year he owned his store and made an additional 7% over

the previous year in each subsequent year. Find how much he made during his fourth year of business.

Find his total earnings during the first four years.

Question

Mathematics

Rhianna Rivera

20 June, 08:44

A small business owner made $40,000 the first year he owned his store and made an additional 7% over

the previous year in each subsequent year. Find how much he made during his fourth year of business.

Find his total earnings during the first four years.

+2

Answers (1)

Know the Answer?

Randy Nelson · Answer 1

1st year = 40,000

2nd year = 40,000 + 2,800=42,800 (2,996)

3rd year = 42,800 + 2,996=45, 796 (3205.72)

4th year = 45,796 + 3205.72=49001.72

40,000 + 42,800 + 45,796 + 49,001.72 = 177,597.73

I think this is what they are asking for?

A small business owner made $40,000 the first year he owned his store and made an additional 7% overthe previous year in each subsequent year. Find how much he made during his fourth year of business.Find his total earnings during the first four years.

A small business owner made $40,000 the first year he owned his store and made an additional 7% over

the previous year in each subsequent year. Find how much he made during his fourth year of business.

Find his total earnings during the first four years.