# math b50

If the profit earned by a company is \$100 in the first year, and doubles each year such that the profit earned in the second year is \$200, \$400 in the third year and so on. Find the total profit earned by the company in 15 years of operation.

1. 👍 0
2. 👎 0
3. 👁 77
1. i have figured out on my calculator what the answer is but the answer wont work when i use a formula.. HELP

1. 👍 0
2. 👎 0
posted by sheri
2. WIth first term of 100, common factor of 2 and number of years n = 15,
S = 100(2^15 - 1)/(2 - 1) =

or (100+200+400+800+16oo+3200+6400+12800+25600+51200+102400+204800+409800+819200+1638400)100 =

1. 👍 0
2. 👎 0
3. 1500

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Math

I'm learning series and sequences (grade 11). Please check that my steps show I understand what I'm doing/the concept and my answer as well: 5. The consecutive terms of an arithmetic sequences are 3.6, y, 8.2. Find the value of y.

asked by Crystal on January 8, 2013
2. ### math B30

must be answered with a series/sequences formula over the past 10 years, the number of CD's sold by a mail order music company has increased an average of 12% per year. If the company sold 1.5 million CD's ten years ago, the total

asked by sheri on June 15, 2010
3. ### Math

Two software companies are developing new android apps. The average profit per x hundred downloads earned by each company can be modelled by the rational functions below, where x > or equal to 0. Trance Media: G(x)=80x+150/x

asked by angelina on July 23, 2016
4. ### Math

Two software companies are developing new android apps. The average profit per x hundred downloads earned by each company can be modelled by the rational functions below, where x > or equal to 0. Trance Media: G(x)=80x+150/x

asked by Caroline on July 25, 2017
5. ### finite math

2. The Witherspoon Down Company specializes in making down jackets, ski vests, and comforters. The requirements for down and labor and the profits earned are given in the following chart: Down (pounds) Time (labor-hours) Profit

asked by cjones on April 29, 2012
6. ### Managerial Economics Question

1)The Midnight hour, a local nightclub, earned \$100,000 in accounting profit last year. This year the owner, who had invested \$ 1 million in the club, decided to close the club. What can you say about economic profit (and the rate

asked by Ed on July 26, 2007
7. ### Calc

Demand is q=-p^2+33p+9 copies of a book sold per week when price is p dollars. Can you help determine what price the company should charge to get the largest revenue? I solved this as a Max Revenue problem and got x=0 and x=22 so

asked by Ben on November 25, 2007
8. ### math

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

asked by Mc cain on December 14, 2015
9. ### algebra

an investor invested a total of 1,100 in two mutual funds. One fund earned a 5% profit while the other earned a 2% profit. If the investor's total profit was 49.00 how much invested in each fund?

asked by Sandy on January 17, 2013
10. ### math

a small mail order company earns a 15% profit on all sales. if the company earned \$5250 one month, how much were the total sales.?

asked by sandra on February 16, 2011

More Similar Questions