Answer:
$444,383.
Explanation:
Let x represent number of years.
We have been given that in a company's first year in operation, it made an annual profit of $122,000. The profit of the company increased at a constant 9% per year each year.
We will use exponential growth function to solve our given problem.
, where
a = Initial value,
b = For growth b is in form
.






Therefore, the company would make a profit of $444,383 over the course of its first 15 years of operation.