the company profits increase 20% from last year. if the profits last year were $2,500 what are the company's profits this year.
1 answer:
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Answer:
$3,245
Step-by-step explanation:
For a money saved at Simple Interest,
Amount =Simple Interest+Principal
Principal, P=$2750
Rate, r=3%
Time, T=6 Years
=$495
Therefore, Amount in Erin's Account after 6 years =2750+495
=$3,245