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:
12 possible outcomes
Step-by-step explanation:
Choosing 1 vehicle from 2 = 2C1 = 2
Choosing 1 color from 3 = 3C1 = 3
Choosing 1 type from 2 = 2C1 = 2
Number of possible outcomes :
2C1 * 3C1 * 2C1
2 * 3 * 2
= 12 different possible outcomes
9514 1404 393
Answer:
(A) -7
Step-by-step explanation:
The function is continuous if you can draw its graph without lifting your pencil. In this case, that means each of the piecewise function definitions must have the same value at x=3.
x^2 +2 = 6x +k . . . . . must be true at x=3
3^2 +2 = 6(3) +k . . . . substitute 3 for x
9 +2 -18 = k . . . . . . . . subtract 18
k = -7 . . . . . . . simplify
In one year they would have saved up $2447.40 for your education
convert 5% into a decimal then divide by 100.
Hope this helped :)
