A company earns a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 1/2 times the previous month's profit. What will the company's profit be in the fifth month? Enter your answer in the box.

Question

Ivan Leach

Mathematics

9 March, 08:33

A company earns a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 1/2 times the previous month's profit. What will the company's profit be in the fifth month? Enter your answer in the box.

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Answers (1)

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Kevin Bright · Answer 1

506.25

Step-by-step explanation:

Month 1: $100

Month 2: 100 times 1.5 = 150

Month 3: 150 times 1.5 = 225

Month 4: 225 times 1.5 = 337.50

Month 5: 337.50 times 1.5 = 506.25