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:
1.1
Step-by-step explanation:
Write out a long division problem! Since you can't have a decimal in the divisor, multiply both numbers by 10. This will leave you with 39.6÷36. Now all you have to do is follow the steps and end up with an answer of 1.1
Answer: 65
Step-by-step explanation:
65 x 5= 325
Answer: This sample may be biased because he is only asking the bike riders when in reality there might be a majority of students who instead take an alternate form of transportation
Step-by-step explanation:
