Answer:
-1.75
Step-by-step explanation:
This should be it, but you didn't provide options although you put "Which of the following.."
What the that needs to be solved
4/5 is a fraction equivalent to 32/40. This is in simplest form.
Another fraction that is equivalent to 32/40 is 16/20.
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:
Step-by-step explanation:
the quotient means divide
7/y
the first number is the numerator and the second number is the denominator
