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)
Answer:
Third option: 
and 
Step-by-step explanation:
Given:
For a modulus function, if 
, then,
Here, 
, 
∴ 
Therefore, the third option is the correct answer as the graph has 
values as -2 and 2
Step-by-step explanation:
a) $350 per week
20% commission on sales
For $925 in sales, commission is
20/100 × 925 = $185
Total earning = $350 + $185 = $535
b) For $x in sales, commission is
20/100 × x = 1/5 × x = x/5 or 0.2x
Total earnings = $350 + $ x/5 or $350 + $0.2x
