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inessss [21]
2 years ago
3

Jessica opened an apparel shop five years ago. In the first year, she made a profit of $3,125. Each year after that, her profit

was 20 percent more than in the previous year. What is the total profit Jessica earned in 5 years?
a. $32,400
b. $23,255
c. $7,776
d. $6,480
Mathematics
2 answers:
Wewaii [24]2 years ago
7 0

Answer:

B


Step-by-step explanation:

To get 20% more than previous year, we multiply previous year profit with 1.2


<u>Year 1 profit:</u> 3125

<u>Year 2 profit:</u> 3125*1.2=3750

<u>Year 3 profit:</u> 3750*1.2=4500

<u>Year 4 profit:</u> 4500*1.2=5400

<u>Year 5 profit:</u> 5400*1.2=6480

Total profit of 5 years is the sum of each individual year shown above.


Total profit in 5 years = 3125+3750+4500+5400+6480=23,255

Answer choice B is correct.

Luden [163]2 years ago
3 0
<span>If in the first year, she made a profit of $3,125 then each year after that, her profit was 20 percent more than in the previous year. So,
</span>second year
$3,125 (0.20) = $625
$3,125 + $625 = $3,750
third year
$3,750 (0.20) = $750
$3,750 + $750 = $4,500
fourth year
$4,500 (0.20) = $900
$4,500 + $900 = $5,400
fifth year
$5,400 (0.20) = $1,080
$5,400 + $1,080 = $6,480
<span>
The total profit Jessica earned in 5 years is </span>$6,480. The answer is letter D.<span>


</span>
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