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)
To find the difference between these numbers you need to subtract 8.3 - 3.9
and that equals 4.4<span />
Answer:
93. Divide 248 by 8. One eighth of 248 = 31.
June sold 3/8 of the 248 oranges.
If 1/8 = 31 and June sold 3/8 of the oranges.
Multiply 3 × 31. Therefore June sold 93 oranges.
Step-by-step explanation:
Answer:
0.96
Step-by-step explanation:
12% = 0.12
0.12 * 8 = 0.96
Answer:
B. is the answer
hope this helps
have a good day
Step-by-step explanation:
