Solve the Problem. -During a Five-Year Period, a Company Doubles Its Profits Each

Multiple Choice

Solve the problem.
-During a five-year period, a company doubles its profits each year. If the profits at the end of the fifth year are $224,000, then what are the profits for each of the first four years?

A) $14,000, $28,000, $42,000, $56,000
B) $14,000, $28,000, $56,000, $112,000
C) $15,000, $30,000, $60,000, $118,000
D) $14,000, $28,000, $56,000, $140,000