Answer:
B
Step-by-step explanation:
To get 20% more than previous year, we multiply previous year profit with 1.2
Year 1 profit: 3125
Year 2 profit: \(3125*1.2=3750\)
Year 3 profit: \(3750*1.2=4500\)
Year 4 profit: \(4500*1.2=5400\)
Year 5 profit: \(5400*1.2=6480\)
Total profit of 5 years is the sum of each individual year shown above.
Total profit in 5 years = \(3125+3750+4500+5400+6480=23,255\)
Answer choice B is correct.
