Question

A

In the year 2005, a company made $6 million in profit. For each consecutive year
after that, their profit increased by 13%. How much would the company's prohl be in
the year 2007, to the nearest tenth of a million dollars?

Answer 1

The profit will be 7.7 million in 2007

Explanation:

6x(1+ 0.13)^2

6x1.13^2

6x1.2769