Question

Carla's Clothing Shop opened eight years ago. The first year she made $3,000 profit. Each year thereafter her profits averaged 50% greater than the previous year. • How much profit did Carla earn during her 18th year of business? (2 pts) • What was the total amount of profit Carla earned over her first 18 years? (2 pts)

          Carla's Clothing Shop opened eight years ago. The first
year she made $3,000 profit. Each year
thereafter her
profits averaged 50% greater than the previous year.
• How much profit did Carla earn during her 18th year of
business? (2 pts)
• What was the total amount of profit Carla earned over
her first 18 years? (2 pts)

Carla's Clothing Shop opened eight years ago. The first
year she made 3,000 profit. Each year
thereafter her
profits averaged 50% greater than the previous year.
• How much profit did Carla earn during her 18th year of
business? (2 pts)
• What was the total amount of profit Carla earned over
her first 18 years? (2 pts)

Added by Melinda G.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Jessica Horn

Step 1

We know that the first year's profit was $3,000. In the second year, the profit would be 50% greater than the previous year's profit. So, the profit for the second year would be 1.5 * $3,000 = $4,500. In the third year, the profit would be 50% greater than the Show more…

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Carla's Clothing Shop opened eight years ago. The first year she made $3,000 profit. Each year thereafter, her profits averaged 50% greater than the previous year. How much profit did Carla earn during her 18th year of business? (2 pts) What was the total amount of profit Carla earned over her first 18 years? (2 pts)