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: I’m pretty sure the second one (b)
Step-by-step explanation:
Answer:
Step-by-step explanation:
n/3 - 2 = 4 Add 2 to both sides
n/3 - 2 + 2 = 4+2 Combine
n/3 = 6 Multiply both sides by 3
3*n/3 = 6 * 3
n = 18
The answer is in the photo
Answer: 78 square units
Step-by-step explanation:
