Question

2) A company predicts a yearly profit of Php 120 000
in the year 2018. It predicts that the yearly profit
will rise each year by 5%. Find the total predicted
profit for the year 2018 to 2025 inclusive. Round
off answer to the nearest whole number.​

Answer 1

Answer:

5% of 120,000 =6000

Explanation step by step:

120000×5÷100

= 6000

126000×7

=882000

Mark me as brainlieast

Answer 2

The total profit would be Rs. 1145000

Given,

Profit for the year 2018 is Rs. 120000

It is said that there is 5% rise in each year.

In 2019. the profit amount would be 120000 * 5 /100 = 6000

So the profit in 2019 is Rs. 126000.

In 2020, the profit would be Rs. 132300.

In 2021, the profit would be Rs. 138915

In 2022. the profit would be Rs. 145860.75

In 2023. the profit would be Rs. 153153.7875

In 2024, the profit would be Rs. 160811.4768

In 2025, the profit would be Rs. 168852.0506

The profit for the year between 2018 and 2025 is Rs. 1145000