A company has revenue of $1000 in 2009. our current estimate is that revenues will grow 25% per year. our profit each year will equal 20% of revenue. what is the total value (rounded to the nearest dollar) of all revenues earned during the years 2009-2015?

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30-06-2017
Business

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A company has revenue of $1000 in 2009. our current estimate is that revenues will grow 25% per year. our profit each year will equal 20% of revenue. what is the total value (rounded to the nearest dollar) of all revenues earned during the years 2009-2015?

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meerkat18 meerkat18 · Answer 1 · 2017-07-13T14:17:05+02:00

Year 2009:
Revenue = $1000
Profit = 1000(20%) = $200

Year 2010:
Revenue = 1000(1.25)^1 = $1250
Profit = 1250(20%) = $250

Year 2011:
Revenue = 1000(1.25)^2 = $1562.5
Profit = 1562.5(20%) = $312.5

Year 2013:
Revenue = 1000(1.25)^3 = $1953.125
Profit = 1953.125(20%) = $390.625

Year 2014:
Revenue = 1000(1.25)^4 = $2441.41
Profit = 2441.41(20%) = $488.28

Year 2015:
Revenue = 1000(1.25)^5 = $3051.76
Profit = 3051.76(20%) = $610.35

The total revenue would be $11,259