The lawyer makes approximately $11,656.67 a month. Hope this helps!
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:
y=2x-2
Step-by-step explanation:
<em>the slope is y/x</em>
the slope is 2 or 2/1
<em>subtract 2 from the y value and 1 from the x value</em>
(3-1,4-2) = (2,2)
<em>keep doing this until you get a 0 in the x value</em>
(2-1,2-2) = (1,0)
<em>1 is your x-intercept</em>
(1-1,0-2) = (0,-2)
-2 is your y intercept.
So now you know your y-intercept and your slope so you can now write your equation.
<em>y=mx+b</em>
<em>m=slope, b=y-intercept</em>
m=2, b=-2
<em>substitute into the equation</em>
y=2x-2
Answer:
4
Step-by-step explanation:
Hope this helps!! Have a good day!