Solve. -A Small Business Owner Made $40,000 the First Year He

Multiple Choice

Solve.
-A small business owner made $40,000 the first year he owned his store and made an additional 6% overthe previous year in each subsequent year. Find how much he made during his fourth year of business.Find his total earnings during the first four years. (Round to the nearest cent, if necessary.)

A) $47,640.64; $174,984.64
B) $8.64; $42,552.64
C) $163,840.00; $370,240.00
D) $262,144.00; $632,384.00