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In the year 2001, a company made $5.5 million in profit. For each consecutive year after that, their profit increased by 12%. How much would the company's profit be in the year 2003, to the nearest tenth
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21 votes
21 votes
In the year 2001, a company made $5.5 million in profit. For each consecutive

year after that, their profit increased by 12%. How much would the company's
profit be in the year 2003, to the nearest tenth of a million dollars?

User Sajan Parikh
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1 Answer

12 votes
12 votes
5.5*1.12*1.12=6.9MM.......
User Sazedul Islam Sazid
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3.2k points
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