Math, asked by ylniarb8760, 9 months ago

Sarah invested f12 000 in a unit trust five years ago.

The value of the unit trust has 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.

Give your answer to the nearest whole number of pounds.

Answers

Answered by harsh472864
7

Step-by-step explanation:

Sarah invested 12 000 in a unit trust five years ago.

The value of the unit trust has increased by 7% per annum for each

of the 3 years.

Before this, the price had decreased by 3% per annum.

Calculate the current price of the unit trust.

Give your answer to the nearest whole number of pounds!

Answered by sanadaula6
3

Answer:

£13832

Step-by-step explanation:

100-3%=0.97

12000x0.97^2=£11290.80

100+7%=1.07

11290.80x1.07^3=£13831.7155

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