Math word problem includes banking

Mathematics
Tutor: None Selected Time limit: 1 Day

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

Jan 3rd, 2015

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


Please best my answer, if helpful. Thanks :)

Jan 3rd, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Jan 3rd, 2015
...
Jan 3rd, 2015
Dec 7th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer