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Suppose that a company X earned a profit of $100 millions in year 2000. The profit then increased 7% every year. What profit P will the company earn in year 2015?

 Jul 10, 2014

Best Answer 

 #2
avatar+118687 
+5

year 2000 => $100million

year 2001 = > $100*1.071million

year 2002 = > $100*1.072 millon

 

year 2015 = > $100*1.0715 million = 1.07*1017  million dollars

 Jul 12, 2014
 #1
avatar+8262 
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7%=7,000,000,000

7,000,000,000*15=105,000,000,000

In my calculations, the answer is $105,000,000,000 in profit in the year 2015.

  

 Jul 11, 2014
 #2
avatar+118687 
+5
Best Answer

year 2000 => $100million

year 2001 = > $100*1.071million

year 2002 = > $100*1.072 millon

 

year 2015 = > $100*1.0715 million = 1.07*1017  million dollars

Melody Jul 12, 2014

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