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

question 33

Multiple Choice

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