Saturday

September 20, 2014

September 20, 2014

Posted by **Emma** on Tuesday, February 26, 2013 at 10:41pm.

22. A business had a $20,000 profit in 1990. Then the profit increased by 20% per year for the next 10 years.

y=c(1+r)^t

y=20,000(1+0.2)^10

Is that correct?

**Answer this Question**

**Related Questions**

Economics - I got a lot of problems with this exercise. I really hope you can ...

maths - in 1994, the profit is $250,000 in 1995, the profit is $280,000 in 1996...

scatter plots - in 1994, the profit is $250,000 in 1995, the profit is $280,000 ...

college algebra - A magazine company had a profit of $98,000 per year when it ...

college algebra - A magazine company had a profit of $98,000 per year when it ...

Calculus - The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) ...

Calculus - The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) ...

Calculus - The rate of growth of the profit is approximated by P'(x)=xe^(-x^2) ...

maths - in 1992, a software company had a profit of $30,000,000. in 1998, the ...

algebra - In 1990, the population of Africa was 643 million and by 2000 it had ...