Suppose a New Business Makes a $2,000 Profit in Its

question 45

Multiple Choice

Suppose a new business makes a $2,000 profit in its first month and has its profit increase by 14% each month for the next 2 years. How much profit will the business earn in its 13^th month? Round your answer to the nearest cent. ​

• A) $10,984.82
• B) $9,635.81
• C) $12,522.70
• D) $8,452.46
• E) $2,280.00

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Definitions:

Node

A point in a plant where leaves, branches, or stems originate.

Trichomes

Hair-like outgrowths on the epidermis of plants, serving various functions such as reducing water loss and providing protection against herbivores.

Herbivores

Organisms that eat primarily plants or plant-based materials.

Water Absorption

The process by which water is taken up by plants from the soil through their roots to maintain hydration and support physiological processes.