An individual starts a business and loses 150k in the first year, 120k in the second year
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An individual starts a business and loses £150k in the first year, £120k in the second year and £90k in the third year. If the improvement continues at the same rate, find the individual’s total profit or loss at the end of 20 years. After how many years would the losses be just balanced by the gains?
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Profit in the ith year is 30i1 150k Pr...View the full answer
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