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:
170
Step-by-step explanation:
Answer: 4:20
Step-by-step explanation:
60 lbs can be divided into three groups, in this case the bags of sand, so 60 divided by 3 is 20.
Now you have the 8 lbs left. It gets divided into two groups/bags so you would do 8 divided by 2 is 4.
Then for your ratio it is cement to sand which is 4:20. You can write the ratio however way you want or what is required by the question.(fraction bar, ‘to’, or colon ‘:’ )
Hope this helps!
