Lee owns a business earning $25,400 in profits. these profits are appreciating at about 1.9% each year. what are lee's profits after seven years?

$28,976.97

Step-by-step explanation:

We have been given that Lee owns a business earning $25,400 in profits. These profits are appreciating at about 1.9% each year.

We will represent this information in exponential function , where,

a = Initial value,

r = Growth rate in decimal form.

Substitute the given values:

Therefore, Lee's profits after seven years would be $28,976.97.

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