select the correct answer. jessica opened an apparel shop five years ago. in the first year, she made a…

select the correct answer. jessica opened an apparel shop five years ago. in the first year, she made a profit of $3,125. each year after that, her profit was 20 percent more than in the previous year. what is the total profit jessica earned in 5 years? a. $32,400 b. $23,255 c. $7,776 d. $6,480

select the correct answer. jessica opened an apparel shop five years ago. in the first year, she made a profit of $3,125. each year after that, her profit was 20 percent more than in the previous year. what is the total profit jessica earned in 5 years? a. $32,400 b. $23,255 c. $7,776 d. $6,480

Answer

Answer:

A. $32,400

Explanation:

Step1: Identify the sequence type

This is a geometric - sequence problem. The first - term $a_1 = 3125$ and the common ratio $r=1 + 0.2=1.2$.

Step2: Recall the sum formula for a geometric sequence

The sum formula for a geometric sequence $S_n=\frac{a_1(1 - r^n)}{1 - r}$ where $n$ is the number of terms, $a_1$ is the first - term, and $r$ is the common ratio.

Step3: Substitute the values into the formula

Here, $a_1 = 3125$, $r = 1.2$, and $n = 5$. So $S_5=\frac{3125(1-(1.2)^5)}{1 - 1.2}$.

Step4: Calculate $(1.2)^5$

$(1.2)^5=1.2\times1.2\times1.2\times1.2\times1.2 = 2.48832$.

Step5: Calculate the numerator

$1-(1.2)^5=1 - 2.48832=-1.48832$, and $3125\times(-1.48832)=-4651$.

Step6: Calculate the denominator

$1 - 1.2=-0.2$.

Step7: Calculate the sum

$S_5=\frac{-4651}{-0.2}=32400$.