Solve.
-During a five-year period, a company doubles its profits each year. If the profits at the end of the fifth year are $\$$ 192,000 , then what are the profits for each of the first four years?
A) $\$ 13,000 , \$ 26,000 , \$ 52,000 , \$ 102,000$
B) $\$ 12,000 , \$ 24,000 , \$ 36,000 , \$ 48,000$
C) $\$ 12,000 , \$ 24,000 , \$ 48,000 , \$ 96,000$
D) $\$ 12,000 , \$ 24,000 , \$ 48,000 , \$ 120,000$

Question

Quizplus · Accepted Answer

To find the profits for each of the first four years, work backward from the fifth year, dividing by 2 for each previous year: $192,000 / 2 = $96,000 (4th year), $96,000 / 2 = $48,000 (3rd year), $48,000 / 2 = $24,000 (2nd year), $24,000 / 2 = $12,000 (1st year).

Solve -During a Five-Year Period, a Company Doubles Its Profits $\$$

Solve
-During a Five-Year Period, a Company Doubles Its Profits $\$$