- Ben starts a new company.
- In year 1 his profits will be \(\pounds 24000\).
- In year 11 his profit is predicted to be \(\pounds 64000\).
Model \(\boldsymbol { P }\) assumes that his profit will increase by the same amount each year.
a. According to model \(\boldsymbol { P }\), determine Ben's profit in year 5.
Model \(\boldsymbol { Q }\) assumes that his profit will increase by the same percentage each year.
b. According to model \(\boldsymbol { Q }\), determine Ben's profit in year 5 . Give your answer to the nearest £10.