Algebra-1

1. Determine the number of growth periods:

Since there are 12 months in a year, 2 years is equal to  months.

The profits triple every 6 months. To find the number of growth periods , we divide the total number of months in 2 years by the time interval for growth (6 months). So .

2. Use the exponential growth formula:

The formula for exponential growth in this case is , where:

 is the final amount of profits.

 is the initial amount of profits. Here,

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