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:
350
Step-by-step explanation:
The difference is 35, she's spending 35 everyday
Answer:
(4,-4)
Step-by-step explanation:
Just plot it or like I did it like this
Since moving right or left is X axis, just add 5 to -1 becuase its ont he X axis
Then for the bottom and up, thats Y so subtract that to the Y axis so 2-6=-4
4,-4
7 and 8 because the square root is 7.874