Korey is planning to open a comic book store. in his first year of operation, korey expects to average $1,000 of profit each month. he then expects profits to increase by 6% each year for the next 4 years. how much does korey expect to make in profits in his fifth year of operation?
a. $15,149.72
b. $16,058.71
c. $31,120.46
d. $32,987.69

option A

Step-by-step explanation:

given,

Korey expects to average $1,000 of profit each month

first year profit from the comic book store = $1000 × 12

                                                                     = $12,000

now for next four year profit will increase by 6%

Second year profit:  $12,000 × 1.06

Third year profit:      $12,000 × 1.06²

Fourth year profit:    $12,000 × 1.06³

Fifth year profit:        $12,000 × 1.06⁴

                                 =$15,149.72

Profit of Korey expected after fifth year is equal to $15,149.72.

Hence the correct answer is option A

A! Took the test on edge

Step-by-step explanation:

step-by-step explanation:

ok so im not 100% sure but you would start by adding 5.1t and 1.9t beacuse they have the same variable. that is 7t.   then add -3.6 + 1.2 which is -2.4

so then keep that as -2.4 + 7t. i apologize if this is incorrect. best luck on your test < 3

my answer got deleted but it's a

step-by-step explanation: