Question

HELP!!!

Answer 1

Answer:

(a) $ 30000 + 1500 t

(b) $ 52500

Step-by-step explanation:

Initial profit = # 30,000

Profit increases every year by 5 %.

(a) Let the profit after t year is

P = $ 30,000 + 5% of 30,000 t  = $ 30000 + $ 1500 t

(b) t = 15 years

P = $ 30000 + $ 1500 x 15 = $ 52500