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16 May, 11:04

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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  1. 16 May, 12:27
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    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
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