Question

A young company expects to double their profits every year for the next ten years. If their profits were $5,000 this year, which expression represents their profits after ten years?

5,000 × 2 × 10
5,000 × 210
5,0002 × 10
5,00010

Answer 1

Answer: $5000 x 2^10

Explanation:

Answer 2

The second option: $5000 x 2^10.

Explanation:

Initially the profits are $5,000 so after 1 year the profits will be doubled - that is 5000*2 = $10,000.

After 2 years the profits are 5000 * 2^2 = $20,000.

Therefore after 10 years the profits are 5000*2^10.