Answer:
The current price of the unit trust = £13,831.72
Step-by-step explanation:
Since it increased 7% per annum in last three years and decreased by 3% per annum before that, it implies that the unit trust decreased by 3% per annum for the first 2 years and then increased by 7% per annum for the next 3 years in the total 5 year period
The invested after 2 years = 12,000*(1-0.03)^2 = £11,290.8
This amount then grows by 7% for the next 3 years making it = 11,290.80*(1+0.07)^3 = £13,831.7155 = £13,831.72 (Rounded to 2 decimals)
The current price of the unit trust = £13,831.72 (Rounded to 2 decimals)
Ok so for the first one it’s super simple I’m gonna do it as less complicated so it can help you :)
So first we need to convert the mixed number to an improper fraction
1 4/5 = 9/5
Now we need to reduce the numbers greatest common divisor which is 3
3/5 x 6
Now multiply the numbers
Your answer is 18/5 I hoped this help
Now for the second one
this one is a little more complicated and I don’t know how to make it sound easier so I’m gonna tell you the answer which is 580/21
The last one is the same steps we did for the first one which is 27/20
I hoped this helped you it is a little difficult but you’ll get the hang of it :)
Answer:
if it were an equation it would be y = mx + b and B would be the y intercept and mx is slope.
Step-by-step explanation:
Use the slope formula or since it's a straight line crossing the y axis at one, it means the y=1
$140(.075) = 10.5
10.5+140= 150.50
the total would be $150.50
