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22 March, 09:37

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 112 times the previous month's profit. What will the company's profit be in the fifth month?

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  1. 22 March, 10:30
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    First Month

    $100

    Second Month

    $100 (1.5) = $150

    Third Month

    $150 (1.5) = $225

    Fourth Month

    $225 (1.5) = $337.5

    Fifth Month

    $337.5 (1.5) = $506.25

    The company's profit be in the fifth month would be $506.25
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