Question

In the year 2010, a company made $7.1 million in profit. For each consecutive year after that, their profit increased by 9%. How much would the company's profit be in the year 2012, to the nearest tenth of a million dollars?​

Answer 1

$8.4 million.

Explanation:

9% of 7.1 is .639

2011 = 7.1 + .639 = 7.739

2012 = 7.739 + .639 = 8.378

8.378 rounded to the nearest tenth is 8.4