SOLUTION: Suppose your business made a profit of $5500 the first year. If the profit increases 20% per year. find the total profit over the first 5 yrs.

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Question 750775: Suppose your business made a profit of $5500 the first year. If the profit increases 20% per year. find the total profit over the first 5 yrs.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=5500(1.20)^5
A=5500(2.48832)
A=$13,685.76