In the year 2005, a company made $5.8 million in profit. for each consecutive year after that, their profit increased by 7%. how much would the company's profit be in the year 2009, to the nearest tenth of a million dollars

Profit in 2009 = 7.602616858 million = 8 million

Explanation:

given data

profit = $5.8 million

profit increased = 7%

solution

we first get here profit in 2006 that is

Profit in 2006 = profit × ( 1 + increase profit % )

Profit in 2006 = $5.8 million  × ( 1 + 7% )

Profit in 2006 = $6.206 million

and

Profit in 2007 = $6.206 million   × ( 1 + 7% )

Profit in 2007 = 6.64042 million

and

Profit in 2008 = 6.64042 million   × ( 1 + 7% )

Profit in 2008 = 7.1052494 million  million

and

Profit in 2009 = 7.1052494 million   × ( 1 + 7% )

Profit in 2009 = 7.602616858 million

Profit in 2009 = 8 million

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.