Question

HELP
Ida's ice-cream stand has increasing profits each week during the hot summer months. Ida finds that each week during the summer her profits increase by 15% over what they were the previous week. In her first week of business, her profits were $600. How much money will she make in all over 5 weeks?
Enter your answer, rounded to the nearest dollar, in the box.

Answer 1

Answer: $4045.43

Step-by-step explanation: I just took the test.

Answer 2

The amount of money Ida will make in all over 5 weeks will be $4556.25.

What is Profit?

The amount of money earned by any seller on the cost price is called the profit. It is given that Ida's ice-cream stand has increasing profits each week during the hot summer months. Ida finds that each week during the summer her profits increase by 15% over what they were the previous week.

The amount will be calculated as follows:-

A    =   600 ( 1.15 ) ⁵

A    =   $4556.25

Therefore the amount of money Ida will make in all over 5 weeks will be $4556.25.

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