Solve
-During a Five-Year Period, a Company Doubles Its Profits $\$$

Solve.
-During a five-year period, a company doubles its profits each year. If the profits at the end of the fifth year are $\$$ 192,000 , then what are the profits for each of the first four years?

A) $\$ 13,000 , \$ 26,000 , \$ 52,000 , \$ 102,000$
B) $\$ 12,000 , \$ 24,000 , \$ 36,000 , \$ 48,000$
C) $\$ 12,000 , \$ 24,000 , \$ 48,000 , \$ 96,000$
D) $\$ 12,000 , \$ 24,000 , \$ 48,000 , \$ 120,000$

Correct Answer:

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