Question

A small hardware store makes a profit of $20,000 during its first year. The store owner sets a goal of increasing profits by $5,000 each year for the next 4 years. Assuming that this goal in met, find the total profit during the first 5 years of business.

profit = $ ___________

Answer 1

20,000+4(5,000)
40,000

S=5(20,000+40,000)/2

S=$150,000