the annual profit of a manufacturing company is growing at the rate of 3% per year. in how many years would the initial profits of $500,000 be doubled?

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asked Jan 3, 2022 94.2k views

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the annual profit of a manufacturing company is growing at the rate of 3% per year. in how many years would the initial profits of $500,000 be doubled?

Mathematics
college

KittMedia asked

by KittMedia

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Answer: in 24 years.

Explanation:

Linder answered Jan 9, 2022

by Linder

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