Question

MAJOR HELP PLSSS!!!!!

Young company expects to double their profits every year for the next 10 years. If their profits were $5000 this year, which expression represents the profits after 10 years

A.5,000x2x10

B.5,000x2^10

C.5,000^2x10

D.5,000^10

Answer 1

Suppose profits were $1

At 1 yr profit = 2 (2)^1

2 yr = 4 (2)^2

3 yr = 8 (2)^3

10 yr = 1024 (2)^10

So the correct answer should be 5000 * (2)^10