Answer:
less than
Step-by-step explanation:
Answer:
f(5) = 136.71875
Step-by-step explanation:
f(5) if f(1)=3.5 and f(x+1)=5\2 f(x)
f(2) = (5/2)* f(1) = (5/2)* 3.5 = 8.75
f(3) = (5/3)*f(2) =(5/2) * 8.75
f(4) = (5/3)*f(3) =(5/2)*(5/2) * 8.75
f(5) = (5/3)*f(4) = (5/3)*(5/2)*(5/2) * 8.75
f(5) = (5/2)^4 * 3.5 = (625/16) * 3.5 = 136.71875
f(5) = 136.71875
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)
It'll take her 15 hours.
Formula: 975= 65x
Where x represents hours
