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.
1 answer:
Answer:
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
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