Solve.
-During a five-year period, a company doubles its profits each year. If the profits at the end of the fifth yearare $160,000, then what are the profits for each of the first four years?
A)$10,000, $20,000, $40,000, $80,000
B)$10,000, $20,000, $40,000, $100,000
C)$11,000, $22,000, $44,000, $86,000
D)$10,000, $20,000, $30,000, $40,000

Question

Quizplus · Accepted Answer

The profits double each year, so working backward from the fifth year ($160,000), the profits for the fourth year would be $80,000, for the third year $40,000, for the second year $20,000, and for the first year $10,000.

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