Question

An investor earned 5 times the profits of what she earned last year. If she made \(\$613801.5599999999\) total for both years, how much did she earn in profits each year?

Answer 1

Answer:

Profit earn 1st year = $102,300.26

Profit earn 2nd year = $511,501.3

Step-by-step explanation:

Given:

Total profit earn = $613801.5599999999 = $613801.56

Find:

Profit earn each year

Computation:

Assume,

Profit earn 1st year = x

Profit earn 2nd year = 5x

Total profit earn = Profit earn 1st year + Profit earn 2nd year

x + 5x = 613,801.56

6x = 613,801.56

x = 102,300.26

Profit earn 1st year = $102,300.26

Profit earn 2nd year = 5x = 5(102,300.26)

Profit earn 2nd year = $511,501.3