SOLUTION: a buisness had $10,000 profit in 2000. then the profit increased by 8% each year for the next 10 years. write a function that models the profit in dollars over time

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Question 858558: a buisness had $10,000 profit in 2000. then the profit increased by 8% each year for the next 10 years. write a function that models the profit in dollars over time
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+P+=+10000%2A%28+1+%2B+.08+%29%5E10+
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After 10 yrs, the profit totals
+P+=+10000%2A2.158925+
+P+=+2158925+
$21,589.25