A clothing shop opened eight years ago. The first year it made $9000 profit. Each year thereafter the profits averaged 26% greater than the previous year. How much profit has been earned in total by the 7th year? Round to two decimal places.

A clothing shop opened eight years ago. The first year it made $9000 profit. Each year thereafter the profits averaged 26% greater than the previous year. How much profit has been earned in total by the 7th year? Round to two decimal places.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 7SC

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A clothing shop opened eight years ago. The first year it made $9000 profit. Each year
thereafter the profits averaged 26% greater than the previous year. How much profit has been earned in total by the 7^th year? Round to two decimal places.

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