Question

A company eams a profit of $100 the first month it is in business. Every month after that, the company earns a profit that is 1 times the

previous month's profit
What will the company's profit be in the fifth month?
Enter your answer in the box

Answer 1

The company's profit in the fifth month would be $100.

Step-by-step explanation:

To find the company's profit in the fifth month, we can use the given information that the profit earned each month is 1 times the previous month's profit.

Let's start with the first month's profit, which is $100.

In the second month, the profit would be $100 x 1 = $100.

In the third month, the profit would be $100 x 1 = $100.

In the fourth month, the profit would be $100 x 1 = $100.

In the fifth month, the profit would be $100 x 1 = $100.

Therefore, the company's profit in the fifth month would be $100.