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

Question

3 years ago

10

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:

ryzh [129] · Answer 1 · 2022-02-21T10:30:44+03:00

ryzh [129]3 years ago

6 0

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