In the year 2002, a company made $3.3 million in profit. For each consecutive year after that, their profit increased by 5%. How much would the company's profit be in the year 2006, to the nearest tenth of a million dollars?

Intersecting secant-tangent theorem states that if a tangent segment and a secant segment are drawn to a circle from an exterior point, then the square of the measure of the tangent segment is equal to the product of the measures of the secant segment and its external secant segment.so to break it down: 1. pq acts as the tangent and ps as the secant with an intersection at p.sr = 21rp = 3x + 3pq = 4x + 4following to equation: tangent squared = the two segments multiplied by each otherso (4x + 4) ^ 2 = (3x + 3) • (21) simplifies to 16x^2 - 31x - 47 = 0 or (16x - 47)(x + 1) x = -1 or x = 47/162. pq acts as the tangent and ps as the secant with an intersection at p (again! )sr = 16rp = xpq = 15(15) ^ 2 = 16 • x225 = 16xx = 225/163. the interesting chords are proportional to each other so a ratio is possible to set up: ap dp 10 3 + x = = —— = pc pb 8 xcross multiple to get 10x = (3 + x)(8)x = 12