Mathematics, 05.04.2021 18:20 smckinney6139

A company predicts a yearly profit of RM120,000 in the year 2013. The company predicts that the yearly profit
will rise each year by 5%. The predicted yearly profit
forms a geometric sequence with a common ratio 1.05.
Find the sum of profit after 10 years and the amount of
profit at year 5.

Answers: 3

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A company predicts a yearly profit of RM120,000 in the year 2013. The company predicts that the yea...

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A company predicts a yearly profit of RM120,000 in the year 2013. The company predicts that the yearly profit will rise each year by 5%. The predicted yearly profit forms a geometric sequence with a common ratio 1.05. Find the sum of profit after 10 years and the amount of profit at year 5.

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Another question on Mathematics

A company predicts a yearly profit of RM120,000 in the year 2013. The company predicts that the yearly profit
will rise each year by 5%. The predicted yearly profit
forms a geometric sequence with a common ratio 1.05.
Find the sum of profit after 10 years and the amount of
profit at year 5.