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lifewkeya
15.10.2019 •
Mathematics
Korey is planning to open a comic book store. in his first year of operation, korey expects to average $1,000 of profit each month. he then expects profits to increase by 6% each year for the next 4 years. how much does korey expect to make in profits in his fifth year of operation?
a. $15,149.72
b. $16,058.71
c. $31,120.46
d. $32,987.69
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Ответ:
option A
Step-by-step explanation:
given,
Korey expects to average $1,000 of profit each month
first year profit from the comic book store = $1000 × 12
= $12,000
now for next four year profit will increase by 6%
Second year profit: $12,000 × 1.06
Third year profit: $12,000 × 1.06²
Fourth year profit: $12,000 × 1.06³
Fifth year profit: $12,000 × 1.06⁴
=$15,149.72
Profit of Korey expected after fifth year is equal to $15,149.72.
Hence the correct answer is option A
Ответ:
A! Took the test on edge
Step-by-step explanation:
Ответ: