Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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 1.5 times the previous month's profit. What will the company's profit be in the fith month?

Sagot :

varshamittal029

The company's profit in fifth month will be $506.25

Profit : The gain in an expenditure, that is when the return is higher than the original amount, then the gained extra amount is called profit.

Example : If someone sell a toy of $10 in $15, then he gained profit & his profit is $(15-10) = $5.

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 1.5 times the previous month's profit.

In 1st Month,

Profit = $100

In 2nd Month,

Profit = 1.5 times of profit of 1st month

         = 1.5 × $100

         = $150

In 3rd Month,

Profit = 1.5 times of the profit of 2nd month

         = 1.5 × $150

         = $225

In 4th Month,

Profit = 1.5 times of the profit of 3rd month

         = 1.5 × $225

         = $337.5

In 5th Month,

Profit = 1.5 times of the profit of 4th month

         = 1.5 × $337.5

         = $506.25

So, the profit of 5th month = $506.25

Learn more about profit here :

https://brainly.com/question/19865598

#SPJ10

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.