# Suppose your business made a profit of $5500 the first year. If the profit increased 20% per year, how do you find the total profit over the first 5 years?

##### 1 Answer

Oct 10, 2017

**Total profit over first** **years is**

#### Explanation:

The profit in first year is

The profit in 2nd year is

The profit in 3rd year is

It is a geometrical progression series of which first term is

Total profit over first