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Sunny_sXe [5.5K]
3 years ago
6

Use the quadratic formula to solve the equation. x ^2 – 7 x –6 = 0 (Show work)

Mathematics
1 answer:
Vika [28.1K]3 years ago
5 0

Given a quadratic equation

ax^2+bx+c=0

the quadratic formula states that the solutions are

x_{1,2}=\dfrac{-b\pm\sqrt{b^2-4ac}}{2a}

Plug your values to get

x_{1,2}=\dfrac{-(-7)\pm\sqrt{(-7)^2-4\cdot 1 \cdot (-6)}}{2\cdot 1}

Which evaluates to

\dfrac{-(-7)\pm\sqrt{(-7)^2-4\cdot 1 \cdot (-6)}}{2\cdot 1} = \dfrac{7\pm\sqrt{73}}{2}

So, the two solutions are

x_1 = \dfrac{7+\sqrt{73}}{2},\quad x_2 = \dfrac{7-\sqrt{73}}{2}

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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)

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