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)
6 books at $ 8 = (6 * 8) = 48
if he got a discount of 20%, then he paid 80%
0.80(48) = 38.40 <== what he paid
His score changed by 110 points.
Explanation: 3*30=90 & 200-90=110 points
Answer: 2 years
Step-by-step explanation:
If Interest= Principal x rate x time/100; then time is (100 × Interest)/(Principal × Rate)
From the question, old Principal is 5600, new principal =6720, the difference is the interest accrued.
Interest = 6720 - 5600 = Rs 1120
Rate = 8% = 8 ÷ 100 = 0.08
Time = x
Then, slot the values into the formula
Time= 100 x 1120 / 6720 x 8
= 112000/53760
=2.08
Time= 2years
I hope this helps
2/5(x - 1) < 3/5(1 + x)
To find the solution, we can use the distributive property to simplify.
2/5x - 2/5 < 3/5 + 3/5x
Multiply all terms by 5.
2x - 2 < 3 + 3x
Subtract 2x from both sides.
-2 < 3 + x
Subtract 3 from both sides.
-5 < x
<h3><u>The value of x is greater than the value of -5.</u></h3>