SOLUTION: In the year 2000, a company made $4 million in profit. For each consecutive year after that, their profit increased by 15%. How much would the company's profit be in the year 2003,

Algebra ->  Finance -> SOLUTION: In the year 2000, a company made $4 million in profit. For each consecutive year after that, their profit increased by 15%. How much would the company's profit be in the year 2003,      Log On


   



Question 1136264: In the year 2000, a company made $4 million in profit. For each consecutive year after that, their profit increased by 15%. How much would the company's profit be in the year 2003, to the nearest tenth of a million dollars?
Answer by josgarithmetic(39617) About Me  (Show Source):