1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olchik [2.2K]
3 years ago
6

Sarah invested £12000 in a unit trust 5 years ago, the value of the unit trust increased by 7% per annum for each of the last 3

years. Before this the price had decreased by 3% per annum. Calculate the current price of the unit trust
Mathematics
1 answer:
trasher [3.6K]3 years ago
6 0

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)

You might be interested in
Which proportion would be used to solve the following problem. The proportion of turtles to alligators at the reptile park is 5:
spin [16.1K]

Answer:

befor i go im trynna love you baby hopefully e

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Combine like terms 4a2-3b2+ 4b + 10a2
jolli1 [7]

Answer:

14a² - 3b² + 4b

Step-by-step explanation:

Like terms are the terms that have similar stuff on it, like same variables, no variables, and stuff like that.

4a2-3b2+ 4b + 10a2

4a² and 10a² is similar. 4a² + 10a² = 14a²

Now, the equation is 14a² - 3b² + 4b. There is no more like terms left, so that is the answer.

Hope this helps!!

-Ketifa

4 0
3 years ago
What is 2+3 and how do you solve that answer
Elden [556K]
5. Put 2 of fingers up . Then put 3 more fingers up . Count the total
3 0
3 years ago
Read 2 more answers
Write an equation<br> Slope:0<br> Y-intercept:9
Aneli [31]

Answer:

y=9

Step-by-step explanation:

4 0
3 years ago
May u guys help me jus me out 5 ez questions for u guys to help me with
Elena-2011 [213]

Answer:

1. -29/156 2. 38/45 3. 29/45 4. 113/24 or about 4.7 5. 457/1,  914/2,  1371/3

Step-by-step explanation:

3/13 - 5/12 can be simplified to 36/156 - 65/156. Subtract this and you get -29/156  

4/9 + 2/5 can be simplified to 20/45 + 18/45. Add this and you get

38/45

5/8 - 2/9  can be simplified to 45/72 - 16/72. Subtract this and you get

29/45

3 1/2 + 2 5/12 can be first made irrational to 7/2 + 29/24. This can be simplified to 84/24 + 29/24

113/24 or about 4.7

Not sure about the 457, but to convert it, you multiply it by whatever denominator you have. For example

1x457 = 457/1

2x457 = 914/2

And finally 3x457 = 1371/3

3 0
2 years ago
Other questions:
  • What is the area of a triangle that has a base of 3 feet and a height of 6 feet?
    10·1 answer
  • Susan makes 5 fruit cups for the picnic. In each cup, she has 5 strawberries and 3 kiwis. Joanna uses the same number of total f
    5·1 answer
  • Slop of (12,-1) (-2,-3)
    7·1 answer
  • W=A/5<br> w equals a divided by five
    13·1 answer
  • A bug was sitting on the tip of the propeller blade when the propeller started to rotate. The bug held on for 5 rotations before
    8·1 answer
  • 7. (0) + (-9) * (+8) =
    8·1 answer
  • What is the slope &amp; y-intercept for <br> y= -2x - 5 ?
    6·2 answers
  • In circle J with m ∠ H L K = 42 m∠HLK=42, find the m ∠ H J K m∠HJK.
    5·1 answer
  • Priya's family exchanged 250 dollars for 4,250 pesos. Priya bought a sweater for 510 pesos. How many dollars did the sweater cos
    11·1 answer
  • Help please ASAP !
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!