SOLUTION: Suppose that the Happy Tail veterinary clinic earns $200,000 in profits this year. If its profits grow at 25% per year, how many years will pass before its annual profit is $1 mill
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-> SOLUTION: Suppose that the Happy Tail veterinary clinic earns $200,000 in profits this year. If its profits grow at 25% per year, how many years will pass before its annual profit is $1 mill
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Question 1045935: Suppose that the Happy Tail veterinary clinic earns $200,000 in profits this year. If its profits grow at 25% per year, how many years will pass before its annual profit is $1 million? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! The equation is:
where = time in years
Take the log of both sides
7 yrs will pass before annual profit is $1 million
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