You estimate that your new business's revenue will grow at a compounded rate of 30% each month for the first 6 months. If your third month's revenue is estimated at $5,000, what is your second month's revenue? (Round to the nearest dollar.)

The second month's revenue is $3846.15

Explanation:

The interest rate at which the revenue grow = 30%

Total months or time periods = 6 months

The revenue of third month’s = $5000

Now we have to find the revenue for the second month.

Let the revenue of second month = x

Now, use the below equation to find the second month’s revenue

x + 30% of x = 5000

x  + 0.3x = 5000

1.3x = 5000

x = 3846.15

Thus, the second month's revenue is $3846.15

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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