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In the year 2001, a company made $5.5 million in profit. For each consecutive year after that, their profit increased by 12%. How much would the company's profit be in the …

In the year 2001, a company made $5.5 million in profit. For each consecutive year after that, their profit increased by 12%. How much would the company's profit be in the …
asked 79.2k views
4 votes
In the year 2001, a company made $5.5 million in profit. For each consecutive

year after that, their profit increased by 12%. How much would the company's
profit be in the year 2003, to the nearest tenth of a million dollars?

asked
User Tahiem
by
8.7k points

1 Answer

6 votes
5.5*1.12*1.12=6.9MM.......
answered
User Marquinho Peli
by
8.3k points
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