Genuinely confused please help

A business has a profit of $32,000 in 1990 that increased by 15.5% each year. Find the profit of the company after 3 years.

Please help as I have no clue how you can't get a whole number

Respuesta :

Answer: $49,305.56

Step-by-step explanation:

A(t)=a(1+r)^t (its subtraction if the thing decreases)

A(t)=amount after t time periods

t=number of time periods

a=initial amount

r=rate of growth (can’t be a percent, change by moving two decimal places)

A(t)=32000(1+0.155)^3