Watch help video In the year 2006, a company made $7.1 million in profit. For each consecutive year after that, their profit increased by 5%. How much would the company's profit be in the year 2008, to the nearest tenth of a million dollars? Answer: million Submit Answer %23 $4 & 5 6 7. e t a k C b n m

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...
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In the year 2006, a company made $7.1 million in profit. For each consecutive year
after that, their profit increased by 5%. How much would the company's profit be in
the year 2008, to the nearest tenth of a million dollars?
Answer:
million
Submit Answer
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Transcribed Image Text:Watch help video In the year 2006, a company made $7.1 million in profit. For each consecutive year after that, their profit increased by 5%. How much would the company's profit be in the year 2008, to the nearest tenth of a million dollars? Answer: million Submit Answer @ %23 24 & 5 6 e t a k C b
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