Math word problem includes banking

User Generated

Fnven100

Mathematics

Description

a corporation has earned a total profit of -1,419.25 since it was founded 3.5 years ago. What is its average annual profit

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Explanation & Answer

total profit earned = 1,419.25
in time = 3.5 years,

so, average annual profit = profit earned in 1 year = 1,419.25/3.5 = 405.5

so, Average annual profit  = 405.5


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