A company's profits have doubled for each of the last 5 years . If the total profits for the last 5 years were TK. 62 million , what were the profits in the first year ?
Created: 6 years ago |
Updated: 5 months ago
best des
Let, first year profit = x, as profit have doubled for each year, so
2nd year profit = 2x
3rd year profit = 2x ×2 = 4x
4th year profit = 4x×2 = 8x
5th year profit = 8x × 2 = 16x
Total profit = x + 2x + 4x + 8x + 16x = 31x
According to the question
31x = 62
x = 2
Md Azizur Rahman
Founder of Satt
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