Answered

Jessica opened an apparel shop five years ago. In the first year, she made a profit of $3,125. Each year after that, her profit was 20 percent more than
in the previous year. What is the total profit Jessica earned in 5 years?



Answer :

mathstudent55

Answer:

$26,225

Step-by-step explanation:

First year: $3,125

Second year: $3,125 × 1.2 = $3,750

Third year: $3,750 × 1.2 = $4,500

Fourth year: $4,500 × 1.2 = $6,750

Fifth year: $6,750 × 1.2 = $8,100

Total:

$3,125 + $3,750 + $4,500 + $6,750 + $8,100 =

= $26,225