The profit for the week depends on how the profit is calculated. If the profit is 10% weekly, it is either applied directly to the initial capital ($10) or to the total amount after each week if it’s compounded.
1. Simple Profit (10% on the initial capital only):
Weekly profit = 10×0.10=110 \times 0.10 = 1 dollar.
Total after one week: 10 (capital) + 1 = $11.
2. Compound Profit (10% on the new amount each week):
Week 1: 10×0.10=110 \times 0.10 = 1 dollar → Total = $11.
Week 2: 11×0.10=1.111 \times 0.10 = 1.1 dollars → Total = $12.1.
Week 3: 12.1×0.10=1.2112.1 \times 0.10 = 1.21 dollars → Total = $13.31.
If you'd like me to calculate the compound profit for a specific period, I can help you with that in detail!
Is math easy? 👍
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