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30 November, 10:01

Leonard owns a business earning $37,800 in profits. These profits are appreciating at about 2.3% each year. What are Leonard's profits after eight years?

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  1. 30 November, 13:10
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    37800/100 = 378. then multiply by 2.3 to get 869.40 that would equal 1 year, then multiply that by 8 (869.40 x 8) and get $6955.20 and that is the final answer.
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