Math word problem includes banking

label Mathematics
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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

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Jan 3rd, 2015
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