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:
10/5
Step-by-step explanation:
Because 10 is half of 5 and they are asking what will make this statement true 1/2 is half too
9 hrs and 35 minutes he would have traveled. Hope I helped.
Answer:
x = 3
Step-by-step explanation:
3(x−5)+4x−2=4
Step 1: Simplify both sides of the equation.
3(x−5)+4x−2=4
(3)(x)+(3)(−5)+4x+−2=4(Distribute)
3x+−15+4x+−2=4
(3x+4x)+(−15+−2)=4(Combine Like Terms)
7x+−17=4
7x−17=4
Step 2: Add 17 to both sides.
7x−17+17=4+17
7x=21
Step 3: Divide both sides by 7.
7x
7
=
21
7
x=3
