Question

A company earns a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 1/2 times the previous month's profit. 

What will the company's profit be in the fifth month?

Answer 1

answer is $506.25.
first month is $100,
second month is 100 times 1.5 which is 150.
thirst month is 150 times 1.5 which is 225.
fourth month is 225 times 1.5 which is 337.5
fifth month is 337.5 times 1.5 which is 506.25