Acompany had a profit of $45,000 in its first year of operation. each successive year, it had a 6% raise in its profit. what would be the total profit of the company over a period of 15 years?

Given that the companies profits growth at the rate of 6%, the profits after 15 years will be calculated using the formula:
A=P(1+r/100)^n
P=initial amount
r=rate
n=time
thus plugging in the values we obtain:
A=45000(1+6/100)^15
A=45000(1.06)^15
A=$107, 845.12
Thus the profit after 15 years was $107, 845.12