posted by Mc cain .
A new computer software company earns a profit of $245 000 in its first year. The company expects the profit to increase by 15% each year for each subsequent year.
(a) What profit can the company expect to earn in its seventh year?
(b) Find the total profit the company will earn in its first ten years.
in first year:
in second year
in third year
in nth year
NOW - go to web site Math is fun and look upo geometric sequence with
a = 245,000
r = 1.15
it also shows you how to sum the first ten terms :)