15. The yearly net profit earned by the Atlas Baby Food Company for 1999 was $2,379,000, and the yearly net profit earned for 2001 was $2,426,000. If the yearly net profits increased linearly from 1999 through 2001, what was the yearly net profit earned for 2000 ?

Answer and Explanation

Your Answer is

Correct Answer is D

Explanation

Assuming that the growth ratio is x, the equation 2379000×(1+x)×(1+x)=2426000 can be formulated, and the equation can be solved, so choose D