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:
There are 220 choices
Step-by-step explanation:
Given
(President, Treasurer and Secretary)
Required
Determine number of selection (if no restriction)
This is calculated using the following combination formula:
Where
So, we have:
<em>There are 220 choices</em>
Answer:
Step-by-step explanation:
Rewrite this quadratic equation in standard form: 2n^2 + 3n + 54 = 0. Identify the coefficients of the n terms: they are 2, 3, 54.
Find the discriminant b^2 - 4ac: It is 3^2 - 4(2)(54), or -423. The negative sign tells us that this quadratic has two unequal, complex roots, which are:
-(3) ± i√423 -3 ± i√423
n = ------------------- = ------------------
2(2) 4
