Question

In the year 2009, a company made $5.4 million in profit. For each consecutive year after that, their profit increased by 11%. How much would the company's profit be in the year 2012, to the nearest tenth of a million dollars?​

Answer 1

Answer:

Hi Grif05!

Your answer is 7.1 million.

To be exact , 7182000

Step-by-step explanation:

The distance between 2009 and 2012 is 3 years so we multiply.

11x3=33.

Now we must find 33% of 5.4 million.

33 % of 5.4 million is 1782000.

33% of 5400000 = 1782000

We then add 33% of 5.4 million to itself.

We get an answer of 7182000.

Hope this helps! Tell me if I'm wrong please :)