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?
1 answer:
11/2 of $100 is $550
($550 x 4) + $100 = <span>$2,300
hope this helps</span>
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