Question

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

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