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Company increased profits by 2.3% each month for January, February, and March. If they had $12,635 in profits in January, how much were their profits in March?

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asked Aug 4, 2017 86.5k views

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company increased profits by 2.3% each month for January, February, and March. If they had $12,635 in profits in January, how much were their profits in March?

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Catriona asked

by Catriona

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February profit = 1.023 x 12635 = $12,925.61
March profit = 1.023 x 12925.61 = $13,222.89

QuadrupleA answered Aug 11, 2017

by QuadrupleA

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Company increased profits by 2.3% each month for January, February, and March. If they had $12,635 in profits in January, how much were their profits in March?

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