Leonard owns a business earning $37,800 in profits. These profits are appreciating at about 2.3% each year. What are Leonard's p
rofits after eight years? (2 points)
$38,383.50
$45,341.60
$31,379.67
$44,755.20
1 answer:
Answer:
Step-by-step explanation:
<u>Given:</u>
- Initial profit = $37800
- Rate of appreciation = 2.3% per year
<u>The equation for this:</u>
<u>Find the value of P(8):</u>
Correct choice is B
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