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

The profits double each year, so working backward from the fifth year: $192,000 / 2 = $96,000 (fourth year), $96,000 / 2 = $48,000 (third year), $48,000 / 2 = $24,000 (second year), $24,000 / 2 = $12,000 (first year).

Solve. -During a Five-Year Period, a Company Doubles Its Profits Each